Viability Survey for 2022 Councils Housing Conference - 26 May
To inform discussion and policy makers on viability challenges in housing
1.
Please confirm your level of seniority in your Local Authority
Director Level
Senior Manager
Manager
Executive
2.
In which region of the country is your Local Authority
Greater London
South East
South West
East of England
West Midlands
East Midlands
North West
Yorkshire and Humberside
North East
3.
Please rank the following viability challenges in a scale of 1 to 5-
with 1 being a major challenge and 5 being a lesser challenge on projects you have reviewed or on which you have been involved
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Construction costs
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Inability to better the existing use land value of sites
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Availability of reasonably priced land
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Development finance costs
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Likely CIL and S106 contributions
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Time and cost of securing planning permission
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Outturn sales values
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Outturn rental streams
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Grant rates available from Homes England or other agencies
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Future Right to Buy risk
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Onerous/unreasonable financial returns/hurdles (IRR, NPV Payback Year) sought by your organisation
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Future Proofing
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Professional fees
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Other costs (comment below)
1 Major challenge/barrier
2
3
4
5 Low challenge/barrier
Other (please specify)
4.
Is your organisation considering subsidising new developments, by for example approving schemes with a negative NPV (Net Present Value) or a Cost / Value ratio in excess of 100%?
Yes
No
Comment
5.
Does your organisation wish you to focus upon financially challenging sites, as they will deliver broader socio-economic benefits? (i.e. Does your organisation want you to focus upon market failure / regeneration sites?)
Yes
No
Comment
6.
Are you considering permanently extending your acceptable payback periods to make your projects viable?
Yes
No
Possibly
7.
How many homes have not been taken forward into development due to marginal viability issues within the last 2 years?
0-20
21 -40
41 - 60
61 - 80
81 - 100
over 100
8.
What project aspirations, if any, will you (or your clients/partners) consider compromising on, or have compromised on, in order to meet viability? (select all that apply)
Space standards
Type of development
Providing private/defensible space
Accessibility
Sustainability
Density of development
Providing amenity space
MMC
9.
Finally, what other viability issues do you think policy makers should be considering?
10.
Thank you for completing this. The results will be shared at THF Councils Housing webinar on 26 May. If you cannot attend and would like the results please provide your email
