Oh, those poor, poor developers … less profit … that’s all this is about:
“Proposed changes to the National Planning Policy Framework could cause the cost of land to increase and exacerbate the housing crisis, the Home Builders Federation (HBF) has warned in a letter to the Government.
The industry body claimed that proposed changes, which would enable councils to base contributions towards affordable housing based on the existing value of land – rather than its projected sale value – would mean they would have to offer lower sums to landowners and therefore be able to build fewer homes.
A spokesman for the Ministry of Housing, Communities and Local Government said that proposed changes “will mean that developers know the contributions expected of them and local communities are clear about the infrastructure they will get alongside new homes. We are currently analysing responses to the consultation and will set out next steps in due course.”
Sources: Telegraph p1, Times p1 (pay walls)
East Devon Watch 