Public land owner Haringey Council buys partnership 50/50 with private developer result; loss of affordable homes
11 February 2017
Public land owner Haringey Council buys partnership 50/50 with private developer so guaranteeing the fewest posssible affordable homes
ate last year as the first of our the ten blogs on affordable housing Stephen Hill, a member of the RICS, critcised his profession's custom of reducing the number of affordable homes built on any particular site in order to increase the profits of their clients the land owners and developers.
017 Stephen HIll's concerns have been powerfully endorsed by a report called: "Viability and the Planning System: The Relationship between Economic Viability Testing, Land Values and Affordable Housing in London" by Professor Sarah Sayce BSc, PhD, FRICS, IRRV and Professor Neil Crosby PhD, ARICS.
The report was prepared for the London Boroughs of Barking and Dagenham, Brent, Camden, Croydon, Enfield, Greenwich, Islington, Lambeth, Merton, Newham, Southwark, Tower Hamlets and Waltham Forest. January 2017; but not Haringey.
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