Affordable housing viability
Whether a scheme can carry the affordable share the council asks for — and if not, what it can sustain.
An affordable housing viability assessment (often called a financial viability assessment, or FVA) tests whether a housing scheme can deliver the affordable share the council’s policy asks for. If it cannot, it shows what share the scheme can sustain. It goes to the council in support of the Section 106 negotiation.
Landowners, promoters and housebuilders negotiating a Section 106 agreement, or facing a viability review.
- 1.1A tested answer on the affordable housing share the scheme can carry.
- 1.2The report and cash flow that go to the council in support of the Section 106 negotiation, including the benchmark land value the council must test against.
- 1.3Built to stand up to the District Valuer: every input says which side of the table it came from.
- 3.1The scheme and its planning status
- 3.2The council’s affordable housing requirement
- 3.3Known costs and abnormals, if you hold them
- 3.4One conversation to start
Timescale agreed at the first call.
FVA · SITE REF ——What is a financial viability assessment?
A report that tests whether a housing scheme can afford the affordable housing the council’s policy asks for, and if not, what share it can sustain. It is submitted to the council to support the Section 106 negotiation.
Will it stand up to the District Valuer?
That is what it is built for. Every input says which side of the table it came from, and the benchmark land value is set out for the council to test.
What do you need from me?
The scheme and its planning status, the council’s affordable housing requirement, and any known costs. The timescale is agreed at the first call.
“During the last ten years we have worked with Bryant Homes, Taylor Woodrow and Bayview Developments where Mark Hewett has been employed to optimise the value of sites through the development process. Through a number of lateral thought processes he has managed to alter proposals to satisfy client needs and local authority policy considerations, enabling us to achieve positive planning permissions without resorting to appeals and incurring further costs. We would recommend Mark to anyone who wanted a second opinion on a development proposal who was seeking to improve its financial viability.”
What is your land really worth?
A confidential conversation with a partner, not a sales call. If we don’t think we can add value, we’ll tell you straight away.
Thank you. We will read the site before we call.