To: Local Council

Make housing developers be transparent in Cardiff

Make housing developers be transparent in Cardiff

Require developers to make their viability assessments public if they claim they cannot meet council targets of affordable housing in new developments.

Why is this important?

Current planning law states that if a developer will make less than 20% profit on a new development, they can ignore a council's regulations about building affordable and social housing.

Leaked documents from several developers have shown that the maths they use to work out their profit margins are purposefully misleading, allowing them to claim they will make less than 20% profit on a development by undervaluing the prices of the houses they will sell and over-costing the labour.

To combat this Islington, Greenwich, Lambeth and Bristol councils have introduced a policy that forces developers "viability assessments" to be made public.

By bringing these dodgy maths into the public domain, Councils, campaigning groups and individuals will be able to hold developers to account and force them to use more honest maths.

Cardiff, Wales

Categories


Reasons for signing

  • people before profit- easy
  • In Cardiff we've seen thousands of high end - high rent student apartments being built, now the market is saturated and the developers are trying to get "change of use" orders to sell/rent them to the public! Why were they allowed to build so many and why were they not forced to build "affordable" student accommodation at the same time? Why do the regulations seem to allow this loophole?
  • I want my children to be able to stay in Cardiff and buy their own homes.

Updates

2017-07-31 16:46:00 +0100

500 signatures reached

2017-07-25 18:41:23 +0100

100 signatures reached

2017-07-25 17:32:20 +0100

50 signatures reached

2017-07-25 17:21:54 +0100

25 signatures reached

2017-07-25 17:15:36 +0100

10 signatures reached