Local viability policy part 1: ‘We are pushing the system as hard as we can, but it’s a rigged system.’
30 Jan 2018
Those are the words of Bristol City Council’s cabinet member for housing, Paul Smith, describing his city’s battle against the viability loophole. In 2017, we showed how viability assessments are depriving local communities of the homes they need – with 2,500 affordable homes lost in just one year across just eleven councils.http://blog.shelter.org.uk/wp-content/uploads/2017/11/OBR-2048_NCH_Viability_animation-FINAL.mp4
Since then, the idea that developers need to cut affordable homes from schemes to make them profitable has become even less credible. The top developers … MORE...