Affordable Housing Viability

Affordable Housing Viability

Planning policy generally requires developers to provide up to half of new dwellings as affordable housing. The potential impact on the supply of housing sites, land value and development returns is therefore significant. DWD has an experienced team of RICS Registered Valuers and Chartered Town Planners to advise applicants on affordable housing policy and development economics to help clients optimise their schemes.

DWD provide informal advice and detailed Viability Reports considering the impact of affordable housing and Section 106 obligations on the deliverability of residential, mixed-use and commercial schemes. DWD then negotiate with Local Planning Authorities to minimise the burden of such obligations on landowners and developers in order to maximise value. Where necessary we also present Expert evidence in support of Planning Appeal proceedings and negotiate viability review mechanisms.

As part of the overall strategy DWD liaise with the client’s project team including planning and cost consultants and provide advice in respect of design, layout, specification, unit mix and tenures all of which may directly impact upon the potential viability of the scheme. We find that we can best add value through being engaged at an early stage in the planning and development process.

DWD are also able to assist in the drafting of Section 106 Agreements following the grant of planning consent and provide affordable housing valuation and agency advice to both developers and registered providers.

Throughout the process we ensure that we provide our clients with clear pragmatic advice having regard to the commercial objectives of the overall scheme.

Our key services include:

  • Strategy advice;
  • Initial review of proposals;
  • Market research;
  • Review of applicable planning policy;
  • Detailed Viability Reports;
  • Negotiation of obligations and trigger dates;
  • Viability review mechanisms;
  • Expert evidence;
  • Agency advice.