Three Rivers Affordable Housing Policy

The Three Rivers Core Strategy was adopted in October 2011, it is said to “provide the overarching strategy and policies and the long-term vision for Three Rivers”.

 

Policy CP4 of the Core Strategy sets out the affordable housing expectations, this can be seen below for reference:

As seen above, there are different requirements regarding on-site or off-site provisions.

 

There will be an overall target across the borough of 45% affordable housing; however, depending on the location or density of development, it could be more appropriate to strive for 50% AH on allocated sites.

All development involving a net gain of even 1 unit is expected to make a provision towards affordable housing, subject to viability. This often comes as a surprise to applicants, particularly given national guidance that such contributions should only be sought on major (10+) developments.

S106 Management have completed many successful viability challenges in Three Rivers, both during applications and appeals. The council’s policy is based on data over a decade out of date.

Therefore, we advise that a site-specific viability assessment is completed on all developments of 1 dwelling or more in Three Rivers to avoid unviable costs.

Previous Work in Three Rivers

 

Proposed development = Demolish the existing building and erect 2 x detached houses. In total, the development will provide 549m2 of residential accommodation.

 

Policy implications/requirements = CP4 of the Three Rivers Core Strategy asks for an off-site commuted payment.                    

 

Expectation on Affordable Housing = Commuted payment requirement of £686,250.      

 

Result = The site was not viable if the expected commuted payment was given; this was reduced to an off-site contribution of £261,250, delivering a saving of £420,000.

NEW Affordable Housing policy changes in Teignbridge Draft Local Plan
February 10, 2023

NEW Affordable Housing policy changes in Teignbridge Draft Local Plan

A look into the adopted and draft policies for Affordable Housing in Teignbridge.
Viability in the Cost of Living Crisis
August 30, 2022

Viability in the Cost of Living Crisis

The cost of living crisis threatens to have just as large an impact on viability and housebuilding as the Global Financial Crisis of 2008-2012. Following industry comments regarding how viability has changed since then, S106 Management comments on how the planning system must consider viability and deliverability.

High Section 106 costs are avoidable

Call us today for a free consultation. Market leader in viability assessment and Section 106 negotiation.

Call us now on
01392 840002
or
Request a call