Get the free Affordable Housing Viability Assessment - Rushcliffe Borough Council

When telephoning, please ask for: Direct dial Email Our reference: Your reference: Date:Member Services 0115 914 8481 member services×Rushcliffe.gov.uk12 June 2015To all Members of the Councilman

How to fill out affordable housing viability assessment

How to fill out affordable housing viability assessment

1. To fill out an affordable housing viability assessment, follow these steps:
2. Start by gathering all the necessary information regarding the affordable housing project, including the location, size, and proposed development plans.
3. Identify the local planning policies and regulations that govern affordable housing developments in the specific area.
4. Determine the viability criteria that need to be considered, such as the minimum percentage of affordable units required or the affordable housing contribution rate.
5. Calculate the Gross Development Value (GDV) of the project, which is the total revenue generated from the development.
6. Calculate the Gross Development Costs (GDC), which include all the expenses associated with the development, including land purchase costs, construction costs, and professional fees.
7. Subtract the GDC from the GDV to obtain the Gross Development Surplus (GDS).
8. Determine the benchmark land value by comparing the proposed development with similar projects in the area.
9. Calculate the Residual Land Value (RLV) by subtracting the benchmark land value from the GDS.
10. Assess the financial viability of the project by comparing the RLV against the cost of providing affordable housing units and any additional financial obligations.
11. Document the findings and conclusions of the assessment, including any recommendations or mitigation measures that may be required to improve the financial viability of the project.
12. Review and double-check all calculations and ensure that the assessment is consistent with local planning policies and regulations.
13. Submit the completed affordable housing viability assessment to the relevant authorities or planning department for review and approval.

Who needs affordable housing viability assessment?

1. Affordable housing viability assessments are needed by various stakeholders involved in the development of affordable housing projects. These include:
2. - Local planning authorities that require the assessment to ensure compliance with affordable housing policies and regulations.
3. - Developers and investors who need to evaluate the financial feasibility of an affordable housing project before committing resources and funding.
4. - Housing associations and social housing providers who use the assessment to determine if a proposed development is economically viable and meets the needs of the target population.
5. - Government agencies and policymakers who rely on the assessment to monitor and evaluate the effectiveness of affordable housing policies and make informed decisions.
6. - Community organizations and advocacy groups who use the assessment to advocate for affordable housing options and ensure the fair distribution of housing opportunities.

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