Affordable quality homes for Housing Associations – there is a solution

It is an inconvenient truth, but some developers do not want or like to build affordable homes. Many claim they will suffer from significantly reduced profit margins – taking their earnings below 20% - and this is the prime excuse given at the planning stage to try and avoid the issue, according to Global, the country’s fastest growing supplier of home warranties – but says the company - it does not have to be like that.
Most developers do not have a choice and planners will insist that they will have to include some element of affordable properties into the mix, but with the pressure on margins it is inevitable that some will cut corners and deliver poor quality. This in turn can put even more of a strain on margins – a situation, claims Global, that could be avoided by getting it right first time.
Current planning conditions state that developers building between five and nine homes must ensure 20 per cent of them are affordable - more than nine, then this figure rises to 30 per cent. That figure can further rise to 40 per cent for greenfield sites.