The following case studies are 'typical' examples of the work that we undertake on a regular basis for our clients. Further examples of our work can be supplied upon request.
Urban Regeneration Limited had this site in their ownership, which was bought when market conditions were more favourable. They remediated the site and had an end user, who was going to develop it
out for private residential development.
Unfortunately, because of the market conditions, the developer did not proceed and Urban Regeneration therefore needed to find an alternative purchaser for the site.
Urban Regeneration Limited approached Affordable Housing Consultancy Ltd and the site was re-designed to accommodate affordable housing (45 family houses). In depth discussions took place with Bradford City Council to determine their support for the development and to confirm that there was a housing need in the area.
A registered social landlord (Affinity Sutton) and building contractor (ROK Plc) were introduced to the table and the structure of a financially viable development put in place.
A detailed planning application was made by Urban Regeneration Limited and
Affinity Sutton applied for funding from the Homes and Communities Agency (HCA) for NAHP funding.
Throughout this process detailed negotiation and discussion regarding all aspects of the project took place between the parties. This resulted in the funding application to the HCA being
successful, a building contract being awarded to ROK and the sale of the land to Affinity Sutton.
Agency Sale Case Study
Isis Waterside Regeneration Ltd
Granary Wharf, Leeds 2010
ISIS Waterside Regeneration appointed Mel Dwyer to dispose of 28 apartments in this prestigious development, which is in the heart of Leeds City Centre. The units were the affordable housing units detailed within the S106 agreement, dated 2006.
Unfortunately, there was very little interest from the RSL sector, due to the market conditions and the fact that RSLs were not in the market for purchasing apartments. In addition, the units were for intermediate housing and again, because of market conditions it was unlikely that an RSL would purchase them.
The S106 sub-market sale price of the completed units to an RSL deviated from Leed’s City Council’s standard formula and as such made the units prohibitively expensive to an RSL.
Upon appointment Mel discussed different forms of tenure with ISIS and it was decided that the units should be re-marketed suggesting a ‘rent to home buy’ tenure. In addition, it was further suggested that an element of grant funding would be required from the Homes and Communities’ Agency (HCA) in order to made the development viable to an RSL.
From the process a RSL was identified (Chevin HA), and a series of meetings took place with Leeds City Council and the HCA to gain their support to the proposals.
This process was quite lengthy, but was successful. Chevin HA were successful in achieving ‘top up’ grant funding from the HCA. The units contained within Block A of the development have been sold to Chevin with the remainder of the units contained in Block B being exchanged and ready to complete in January 2010 when the building works complete.
This case study demonstrates a thorough understanding of affordable housing and an ability to work across different sectors, finding creative solutions to challenging instructions.
Housing Viability Case Study
Beaconside, Stafford 2011
We have recently been successful in negotiating a very satisfactory outcome for our client working as part of the Jones Lang LaSalle team for the outline planning application for the above site.
We prepared and wrote the accompanying viability report for the affordable housing requirement on the site, which comprises approximately 400 housing units.
The site is a greenfield site allocated for residential delopment in the UDP. The contributions required via S106 obligations were significant in terms of infrastructure and education as well as affordable housing.
We have negotiated nil affordable housing for the first phase of the development that will provide 100 housing units with further reappraisal mechanisms built into the unilateral undertaking for subsequent phases, the precise detail of which is ongoing.
This case study demonstrates our in depth understanding of the viability of housing developments and how, through structured negotiation, positive outcomes can be achieved for both the local authority and the land owner/private developer.