Social / Affordable / FTB housing
House types could be designed to meet minimum living standards, for national use, but external finishes could be finished to meet local planning requirements .
Social Housing – local authority/RSL, existing M&E designs could be incorporated to assist existing maintenance teams to manage the stock.
How could Local Authorities Assist:
a. Provide land.
b. Take advantage of good market returns on the land whilst meeting housing needs, how can this be done:
Housing can be sold at market value. To make it affordable the housing can be offered using various formulas:
The buyer could by the house only and rent the land.
The buyer could by a % equity.
With both options above the land owner would take advantage of market values.
These are tradable and if the landowner wants to see a Capital Receipt on day 1 or sell on a future date if a Capital Receipt is required.
Or
The land remains with the LA ownership long term, enjoying normal land value appreciation.
and
The housing increase in value by a fixed % ensuing that it remains affordable long term.