No

Representation ID: 6461

Received: 17/02/2017

Respondent: IM Properties

Agent: Turley

Suggest SMBC consider opportunity for Private Rented Sector (PRS) development to come forward in Borough. As BCC have done, SMBC should also acknowledge difference in terms of viability in PRS schemes compared to open market housing.
PRS schemes differ from traditional housing schemes as returns are long term and not short term; the impacts on viability should be included in viability evidence.
P4 should specifically refer to taking account of specific characteristics of developments which look to longer term rather than short-term 'market' gains, when assessing viability and considering provision of affordable housing.