PRS 'Will Be Free' Of Affordable Homes Requirement

The head of a review of the private rented sector has said he expects his key recommendation that PRS homes should be freed from affordable housing planning requirements to be implemented.  Sir Adrian Montague said the government’s initial response to his review had been ‘hijacked’ by the need to address the faltering economy, but he believes more is to come. The key recommendation in Sir Adrian’s report was that section 106 requirements that demand affordable homes are built alongside private developments should be waived if developers agree to allow the homes to be let privately for a set period of time. This is designed to encourage institutional investors into the PRS market.  Read more on Inside Housing.