Eleven Placeshapers are among this year's housing ‘Power Players’, published annually by sector magazine 24Housing.
4 February 2019 more...
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How, with an innovative approach to risk sharing, an ambitious housing association-led joint venture can transform large scale derelict industrial sites into a new neighbourhood for Basingstoke.
Chapel Hill is newly formed VIVID’s most ambitious development to date and an example of how partnerships can unlock development capacity. With a plan for almost 600 new homes, this project transforms disused brownfield sites into a new neighbourhood, centred around a community park.
With a history of failed planning applications, this 26-acre site in Basingstoke had a chequered history including its last developer going into receivership. Despite this, the site’s close proximity to transport links and the town centre made it ideal for residential use.
VIVID acquired the two adjoining commercial and industrial sites, knowing that there was a strong desire among local residents and stakeholders for the site to be used for housing and was subsequently successful in achieving outline planning consent. As this is one of the largest projects taken on to date, VIVID sought a joint venture partner in order to share risk and partner on the market sale homes. Following the successful appointment of a partner, the two organisations worked together to secure detailed planning permission in May 2016.
The joint venture is secured via a contractual arrangement rather than a separate commercial entity, meaning that VIVID retains land ownership throughout. Development costs and profits on private sales are shared, with VIVID recovering its land value as sales progress. The Development Partner is building out the affordable housing at a fixed price, sheltering the association from risk on this element. Since marketing began, there has been strong demand for all the tenures being delivered on site, with the first 40 homes being sold off-plan. The project has received HCA funding and benefitted from a loan from Enterprise M3 Local Enterprise Partnership – recognising the role that this site makes to housing, employment and the delivery of infrastructure.
Placeshapers retweeted Rachael Orr
Lots of innovative examples of low cost living here. But it skirts the central issue that rents are far, far too hi… https://t.co/Ik3XnfMnLn
17 Feb 2019
Placeshapers retweeted Origin Housing
We're supporting 52 care leavers at our young people services in the WC1 area. Our support workers are there to hel… https://t.co/wUQxTyAJdn
15 Feb 2019
Placeshapers retweeted placeshapers
Very proud of the difference we make in our communities and very proud our #wecare campaign is shortlisted in… https://t.co/J9Ju585iXX
5 Feb 2019
Winter star builders
The nine PlaceShaper members in the North East region endeavour to build more than 8,500 homes over the next five years. more...