No Guarantees!

The local Authority (Lambeth) makes lots of promises, but none of these are as yet legally binding. All of these promises can be reneged upon (as in any scheme) subject to a ‘viability assessment’. Further down the line, if the scheme is no longer financially viable, they will not be obliged to follow through necessarily with building ANY homes for council rent. It remains to be seen as to whether a certain percentage of homes assigned as council/ social rent, if specified in the planning document, can be altered at a later date. This has seen in the case of the Nothing Hill Housing Trust at the Aylesbury, where ‘Affordable’ and Social’ were grouped together under ‘Target’ and the result was the same overall number of target rents, but less ‘social’ and more ‘affordable’.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s