Briefing note: Section 106 and affordable homes — how to keep delivery going in the short term.
London needs to build at least 66,000 new homes a year1, but it is falling considerably short of this target. While structural change is required to deliver a step-change in housebuilding in the capital, there are also several immediate issues which, if properly addressed, could help to stimulate development; one such issue is the lack of appetite from Registered Providers to purchase affordable homes through the Section 106 process.
BusinessLDN, working in partnership with DS2, specialists in financial viability and affordable housing, have created this briefing note which sets out what the problem is and proposes some solutions that will help keep development in London moving through the planning system and ultimately into construction.