If you wanted a fairly up to date and comprehensive analysis of the impact of the introduction of viability tests on the delivery of affordable housing…then you should check out this report commissioned by a consortium of London boroughs and researched and written by a consortium of academics and consultants including, my esteemed colleague, Neil Crosby.
I don’t want to go over all the issues of Threshold or Benchmark Land Value. It’s a tricky area and a solution isn’t proposed. It’s, ‘er, ‘problematic’. In their survey…
Overall, the EUV + approach was favoured by the majority of respondents, despite the recognition that the + element was problematic
The report mentions the word ‘circularity’ or ‘circular’ 25 times. The point was made.