Economic Appraisal and Viability

News, analysis and discussion of economic appraisal and viability of development proposals.

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Economic Appraisal and Viability News

Budget 2017: Chancellor moots change to infrastructure levy to capture land value uplift

Budget 2017: Chancellor moots change to infrastructure levy to capture land value uplift

The government will consult on proposals to remove section 106 pooling restrictions in some circumstances and make changes to the Community Infrastructure Levy (CIL) to allow town halls to set rates which 'better reflect the uplift in land values between a proposed and existing use', today's Budget has announced.

London mayor accepts 21% affordable housing level for 794-home Croydon scheme

London mayor accepts 21% affordable housing level for 794-home Croydon scheme

London mayor Sadiq Khan has said he will not intervene over what would be one of the UK's tallest buildings, despite the developer proposing an on-site affordable housing provision of 21 per cent.

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PM announces £1.7bn fund to connect city centres and 'struggling suburbs'

PM announces £1.7bn fund to connect city centres and 'struggling suburbs'

A £1.7 billion fund intended to 'improve transport links and promote local growth within city-regions' has been announced today by Prime Minister Theresa May.

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Legal challenge lodged against London mayor's affordable housing guidance

Legal challenge lodged against London mayor's affordable housing guidance

A legal challenge has been lodged against London mayor Sadiq Khan's flagship affordable housing policy, it has emerged today.

CIL Watch: London CIL straggler outlines levy plans

CIL Watch: London CIL straggler outlines levy plans

News that the London Borough of Bromley is set to push ahead with the first stage of consultation on its Community Infrastructure Levy (CIL) means that the capital is edging towards complete CIL coverage.

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Ministers must tackle the corrosive impact of viability appraisal concerns, by Jamie Carpenter

Away from the main conference hall and the Prime Minister's mishap-strewn speech, one of the most compelling scenes to witness at last month's Conservative Party conference was the hard time given to the communities secretary by his own councillors over the use of viability assessments in the planning system.

The mayor's criteria for fast track schemes are testing, but not unfeasible, by Richard Garlick

Last month, while many if not most planning professionals were on holiday, London mayor Sadiq Khan published the final version of his affordable housing and viability supplementary planning guidance (SPG).

Retention of unspent CIL receipts is not in itself a sign of a problem, by Richard Garlick

The future of the Community Infrastructure Levy (CIL), which requires developers to contribute to infrastructure needed to support development across the planning authorities in which they build, is in doubt.

The cash for homes policy that never was, by Shane Brownie

Back in 2014, when Alex Morton was leading on housing policy in Downing Street, the former coalition government announced plans for a £3.5 million project to pilot 'development benefits' - financial payments to households with the aim of reducing opposition to new homes.

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Economic Appraisal and Viability In Depth

Do viability rules favour developer returns over affordable housing?

Do viability rules favour developer returns over affordable housing?

Housing charity Shelter's assertion that a "legal loophole" is allowing developers to get out of building thousands of affordable homes across the country every year has received widespread media coverage, but has also split opinion within the planning sector.

How Khan faced down boroughs in the hunt for cheap homes

How Khan faced down boroughs in the hunt for cheap homes

Mayoral consents for two big residential schemes in the face of borough opposition suggests the mayor will help developers who boost affordable housing numbers, say experts.

What happens when councils require developers to make viability assessments public?

What happens when councils require developers to make viability assessments public?

What happens when councils implement a viability 'open book' policy, Joey Gardiner asks.

How a defective s106 document stymied a 705 home consent

How a defective s106 document stymied a 705 home consent

Shortcomings in a developer's planning obligation paperwork led to the refusal of a large mixed-use scheme in south-west London. Experts said the ruling will act as a caution to other developers.


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