Futures Forum: Persimmon, Sidmouth and greenfield sites
Futures Forum: Persimmon, Sidmouth and "promoting well-designed housing that is sustainable and provides much-needed new housing..."
It is doing pretty well at the moment:
FTSE spurred to new record by Persimmon's bullish update | Reuters
But, according to commentary from the EDW blog, that doesn't mean well enough to contribute towards affordable housing:
Developers on a big roll – but still far too poor to provide truly affordable housing | East Devon Watch
Indeed, housebuilders are being paid billions to come up with social housing:
Javid unlocks £7bn fund to ‘turbo charge’ affordable housing | Public Finance
However, as more comment from the EDW blog points out, this isn't really 'affordable housing':
MORE DEVELOPER-LED FUNDING FROM GOVERNMENT FOR “AFFORDABLE” RENTED HOUSING
5 JAN 2017
“Housing providers are being invited to bid for a share of a £7bn fund in what is being billed as a “dramatic expansion” of the government’s affordable housing programme.
Communities secretary Sajid Javid today said he wanted to halt the decline in affordability of housing.
… The funding unlocked today is intended to support the delivery of more shared ownership homes, more Rent to Buy homes (where first-time buyers are helped to save for a deposit) and more Affordable Rent homes, to help those in the private rented sector with housing costs.”
http://www.publicfinance.co.uk/news/2017/01/javid-unlocks-ps7bn-fund-turbo-charge-affordable-housing
You see what they have done there? Yet again, the developers get the money! This will do NOTHING for most people not on the housing ladder but an awful lot for speculative rented sector property investors.
More developer-led funding from government for “affordable” rented housing | East Devon Watch
This blog has looked at ways developers have avoided contributing towards affordable housing:
Futures Forum: "Viability assessments conclusively prove that we cannot rely on developers to build affordable housing."
Futures Forum: The District Council and the lack of accountability around developers' S106 payments...
With a few tricks of the trade offered here - for a fee:
How to avoid providing affordable housing - a guide for developers
And as looked into by the EDW blog:
How developers avoid social housing – employ a specialist company | East Devon Watch
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