How is process of valuation related with analysis?

Local  Authorities will be made aware that ODPM wish to maximise the PFI credits available and  therefore will favour schemes only where the inclusion of elements of new build offer significant  and demonstrable benefits to the project. Schemes will be assessed according to criteria that include  value for money and the contribution made to securing ODPM’s Decent Homes target. Of those  responding, overall 92.5% were in favour of making the amendment so that new build could be  included within the scope of a HRA PFI scheme. view publisher site : Adelaide Property Valuers

This option  was very popular with local authorities and many indicated that it would make them consider PFI  for their housing plans. PFI will have a role as part of our strategy and the flexibility to  include new social housing within a HRA PFI is welcomed’. Many of the respondents also indicated that they believed this option would improve market  confidence and help expand the market. Kingsturge, who submitted a bid for the NE Derbyshire  scheme, stated that ‘as a potential bidder in the market with considerable success in other PFI  sectors, we have withdrawn from the HRA PFI market until these rules have been reformed.

A tenant’s association disagreed with the proposal and  cited the reason as ‘Impact on greenfield sites and more money should be spent on improving  existing properties’. However ODPM do not envisage greenfield sites being used for new build and  see, at least initially, the new build being restricted to replacement build and thus brownfield sites. However Hexham Community Association were pleased with the  proposal and said that ‘it is about time that Councils were allowed to build new houses as the ones  they have got are very old fashioned, in poor condition and they spend a lot of money constantly  repairing them’.

Two  main issues were raised in regard to the possible impacts, those of the decanting of tenants and the  possible increase of Right to Buy sales. The consensus was that even though they acknowledged the disruption it would cause tenants, the  benefits associated with the provision of new, well designed homes would far outweigh any  potential disadvantages of being decanted.

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