House builders that claim they cannot meet a council’s
affordable homes quota for new developments could be forced to make their
details of financial viability assessments public. Southwark Council says it has devised the new policy in
response to public concern over how affordable provision in new schemes is
negotiated, with assessments usually kept secret due to claims of commercial
sensitivity. Under the proposed new supplementary planning document, the
viability assessment would be kept out of the public domain if a developer
agrees to meet Southwark Council’s requirement of 35% affordable homes in any
new development. But if the developer argues it is not viable to meet the
target, a summary of the reasons will be published for public scrutiny. Read
more on Southwark Council’s website.
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