Corporation gets in first with planning tool
While the debate about the merits of the Planning Gain Supplement (PGS) versus the ‘roof tax’ rumbles on, the Housing Corporation has launched a new toolkit aimed at negotiating Section 106 agreements, which remain one of the key mechanisms for delivering affordable housing.
The new assessment system, known as the Economic Appraisal Tool, is designed to help all sides reach agreement more quickly, both on the level of finance that should be offered by developers and the amount of social housing grant required to make developments viable and sustainable.
The toolkit was commissioned by the Corporation from property agents GVA Grimley and Bespoke Property Group with an eye on Kate Barker’s forthcoming Review of Land Use Planning and the Treasury’s decision on whether to press ahead with its plans for PGS.
Launching the toolkit, the Corporation’s deputy chief executive, Steve Douglas, said that applying the new appraisal approach would also help the Corporation to better measure the value of its investments on Section 106 sites.
The Economic Appraisal Tool consists of an Excel spreadsheet model and a user manual, both available to download at http://www.housingcorp.gov.uk/eat
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