Comment
Greater Cambridge Local Plan Preferred Options
Representation ID: 59515
Received: 11/12/2021
Respondent: Pocket Living
Agent: Quod
The policy requirement for Build to Rent developments to provide 20% of the homes as affordable private rent is supported. The policy should however be clear that this assumes a 20% discount to market rent.
The proposed 20% target is in line with national planning policy. National policy is however clear that the 20% target assumes 80% of market rent. It also confirms that where a greater discount is proposed this will need to be balanced against the quantum.
The policy requirement for Build to Rent developments to provide 20% of the homes as affordable private rent is supported. The policy should however be clear that this assumes a 20% discount to market rent.
The proposed 20% target is in line with national planning policy. National policy is however clear that the 20% target assumes 80% of market rent (NPPG Paragraph: 002 Reference ID: 60-002-20180913). It also confirms that where a greater discount is proposed this will need to be balanced against the quantum.