113 FIVE YEARS' HOUSING LAND SUPPLY & HOUSING TRAJECTORY PDF 192 KB
The Portfolio Holder for Growth and Prosperity (and Deputy Leader) to submit a report providing information in relation to the current housing delivery and housing supply situation in the Borough.
Additional documents:
Decision:
Cabinet:
1) APPROVED the ‘Five-years’ housing land supply and housing trajectory’ report;
2) NOTED that a moderate detrimental impact in housing delivery was expected in 2020/21, 2021/22 and 2022/23, due to the impacts of Covid-19.
Minutes:
Pranali Parikh, Director for Growth and Regeneration introduced the report, the purpose of which was to provide information in relation to the current housing delivery and housing supply situation in the Borough.
Ms. Parikh highlighted
that the report was positive, showing a significant change in the Council’s
housing land supply position. It was
important to maintain the 5 year supply to demonstrate the delivery of the
local plan to avoid unwanted developments in inappropriate locations. The Council had achieved an exceptional
position to evidence over 11 years’ supply, which was almost double that stated
in the local plan for this year. This
followed the upward trend since approval of the local pan and was a
demonstration that the local plan had created confidence in the market and for
developers, providing certainty of delivery and therefore reducing the risk for
the private sector to step in.
Ms. Parikh advised
that the Council would not be complacent or underestimate the task of the
delivery of the local plan and village infrastructure. Work on delivery of the 2 sustainable urban
neighbourhoods (northern and southern), including the sites in rural areas was
crucial and needed to continue.
Sarah Legge, Local Plans Manager advised that the Council
had attempted to relate the impact of
Covid-19 on housing delivery to that which was experienced in the 2007/08
credit crunch as it was the only recent evidence of a recession. The largest single year impact was identified
in year 3 post Covid-19. However, the
reduction in delivery which may occur based on this evidence would not
undermine the Council’s plan. Assuming
an economic impact associated with Covid-19, restricted to the next 3 years,
the Council had sufficient room in terms of housing supply to face any short
term challenges.
Mrs. Legge confirmed that the information within Appendix A of the report was complete, although the page numbering was incorrect and would be amended.
During discussion the following points were noted:
· Members thanked officers for their work on this, noting that delivery of 334 housing completions (including 73 affordable homes) was the largest in year for over 20 years and delivery of 73 affordable.
· Members also thanked parish councils and rural organisations for their commitment and hard work, particularly the Harby Village Hall Committee and Clawson, Hose and Harby Parish Council for working with officers to obtain funding from developers for a new village hall.
· Members noted the scenarios detailed at paragraphs 4.7 to 4.10, noting that even as a worse case scenario (8.2 years housing supply), the Council was in a comfortable position.
· There was a wide range of affordable housing options (not just shared ownership and social rent) and the Council was aiming to be more flexible in its delivery of affordable housing.
· Over 1 in 5 housing deliveries was affordable housing. This was good for the people of Melton and its economy.
· Members noted that delivery had not performed as well in some areas as others but improvement was anticipated within the next 3 - ... view the full minutes text for item 113