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John Armstrong Construction Employers Federation. Time for Developer Contributions?. John Armstrong Managing Director Construction Employers Federation. The Context: State of House Building. Source: Northern Ireland Housing Bulletin Q1 2014.

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Presentation Transcript
slide1

John Armstrong

Construction Employers Federation

time for developer contributions

Time for Developer Contributions?

John Armstrong

Managing Director

Construction Employers Federation

the context state of house building
The Context: State of House Building

Source: Northern Ireland Housing Bulletin Q1 2014

the context challenges to house building recovery
The Context: Challenges to House Building Recovery
  • Development loan hangover
  • Home owners locked in negative equity
  • Interest rate rises on the horizon
  • Reluctance of banks to lend for development
  • Turbulence as planning powers are devolved to the new Councils
  • Road and Water bonds are increasingly difficult to source and are tying up working capital
  • Legacy Article 40 agreements strangling development
  • Wastewater infrastructure that is nearing capacity in certain locations and no funding in place to increase capacity.
the aim improving affordability and housing supply
The Aim: Improving affordability and housing supply
  • A shared aim. In partnership we can achieve it.
  • Housing units required per year = 12,700
  • Housing units completed in 13/14 = 8,000
  • Co-ordinated government policy required to facilitate increase in supply
the proposals construction industry perspective
The Proposals: Construction Industry Perspective

CEF Checklist

  • Principle 
  • Timing 
  • Mechanism 
the proposals construction industry perspective1
The Proposals: Construction Industry Perspective
  • Uncertainty
  • Impact on housing supply
  • Low delivery of social/affordable
  • Operationally cumbersome
the alternatives increasing supply of social and affordable housing
The Alternatives: Increasing supply of social and affordable housing
  • Focus on increasing supply overall
  • Ensure infrastructure is in place
  • Provide certainty – development plans
  • Incentivise mixed tenure developments
the summary not now not like this
The Summary: Not now. Not like this
  • House building sector yet to recover
  • Many obstacles to recovery remain
  • The current proposals are mistimed and unworkable
  • Working together we can increase the supply of all housing including social/affordable