Monday, 30 November 2015

Developers Told: 35% Of New Housing Must Be Affordable

Developers of all major sites in a South London borough have been told they must deliver 35 per cent affordable housing or publish a viability assessment showing why they cannot. Southwark council said it wanted developers’ plans to be transparent and made open to public scrutiny. The new requirement will be incorporated into the council’s forthcoming supplementary planning document (SPD). Southwark’s draft plan states that a full viability appraisal will be required for all proposed developments which do not meet Southwark’s affordable housing policy requirements. Read more on the South London Press website.

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