Browns Green Private Rent Initiative
||17 May 2010
Against a background of increasing focus on innovative ways of providing new homes without public subsidy which are available to households on low incomes Pioneer are delighted to have assisted Evenbrook Group Limited gain planning consent for 155 new homes to be built specifically for the private rented sector.
In April 2009 Pioneer were commissioned by Evenbrook to prepare a Housing Market Report assessing the likely housing requirements of the Private Rented Sector in Browns Green, Handsworth Wood, Birmingham. Their report noted that the role of the sector had increased significantly in recent years and was increasingly a tenure of choice for those households who cannot afford to buy their own home and who are unlikely to have a realistic chance of gaining accommodation through joining a housing waiting list.
The report concluded new developments of private rented homes need to be considered differently with regard to planning gain requirements (including affordable housing contributions) and innovative solutions should be encouraged. It helped facilitate negotiations with the City Council who have supported a reduced proportion of on-site affordable housing provision and a mechanism which ensures the affordable housing will be provided at a 20% discount to market rent for a period of 21 years, remaining available for open market rent thereafter.
David Parker, Managing Director of Pioneer, commented:
“…. our report identified the valuable contribution the scheme could make to meeting a gap in housing market provision in Birmingham and highlighted the need for a flexible response from the local planning authority. Imaginative solutions are needed and it’s very pleasing that the City Council have been able to respond positively”
The proposals were recommended for approval at Committee on 13th May subject to the completion of a legal agreement.