Month: July 2017

Combined Residential Growth Action Plan

12/07/2017

After eight years of under supply home building in Manchester is back at pre-recession levels.

Projections suggest we will exceed a target of 2,500 new homes per year in 2017/18, and the following year completions should reach 4,000.

A recent report to the City Council’s executive listed 58 residential developments currently on-site that will eventually deliver 7,000 new homes – 5,000 of those in the city centre.

It is expected that nearly 3,000 homes will complete in 2017/18, including more than 1,500 in the city centre.

To maintain this level of home building through the next decade, the residential growth strategies of both the Council and Manchester Place will now be merged as the new Residential Growth Action Plan to ensure key development opportunities continue to be identified and brought to market.

The priority in the coming years is to increase housing supply and density at the conurbation core on brownfield sites within the Northern and Eastern Gateways, as well as emerging neighbourhoods to the south of the city centre, including Greater Jackson Street and First Street.

These areas have the greatest residential capacity and strategic frameworks are in place to support development.

(See the Market Data section)

The Northern Gateway has the potential to contribute up to 10,000 news homes over the next 10-15 years, and holds a unique opportunity to repurpose and repopulate brownfield land close to the city centre, and help integrate neighbourhoods into the extended city centre area.

Collyhurst is a particular focus and it is anticipated that 1,000 new homes will be built in the neighbourhood in the next 10 years. Already, this summer the North Manchester Home Building project will start on sites across the north of the city, delivering 56 direct build homes that are affordable and will be managed by Northwards Housing.

The Eastern Gateway extends from Piccadilly Station out towards the Etihad Campus, and takes in areas of Ancoats and New Islington, Holt Town and Lower Medlock Valley. Each of these areas are considered key for the continuing growth of the city – as well as fulfilling the regenerative potential that HS2 will unlock.

Manchester Life Development Company has schemes totally more than 1,000 new homes for sale and rent, and along with a number of other developers, will bring forward a number of small to large-scale developments to complete the previously fragmented Ancoats and New Islington neighbourhoods.

The city centre will remain a keen focal point for residential development, helping to support the population growth of the city, but also the growth of the entire city region.

In particular, major schemes at St John’s, First Street, Kampus, and Great Jackson Street represent huge residential potential, while also delivering unique and distinct neighbourhoods and create world-class destinations across the city centre.

Cllr Bernard Priest, Deputy Leader of Manchester City Council, said: “It’s encouraging that we are beginning to see significant home building return to the city after some years of under supply, and we have some incredibly exciting developments both on-site and in the pipeline.

“Our continued success will be predicated on our ability to forward plan and adapt to the ever changing housing landscape to fulfil the demand that we expect from a rapidly rising population.

“However, it remains as important as ever that we can create true housing choice for our residents, and create homes that people can afford in neighbourhoods they want to live in. This means pursuing our ambitious target to help deliver homes that are truly affordable, across a range of tenures most suitable for our residents. ”

Of 6,000 new homes delivered over the last five years, more than 2,700 were delivered through the city’s Affordable Homes Programme. To cement this ambition, the City Council published its Housing Affordability Framework in January that has set a target to help deliver between 1,000 and 2,000 homes that are affordable each year.

Manchester Place Chief Executive Paul Beardmore said: “The population of the city centre is expected to increase by 26,000 in the next seven years and we need quality homes to accommodate and support this economic growth.”

 

The Manchester Residential Growth Strategy

http://www.manchester.gov.uk/news/article/7408/manchester_sets_out_10-year_strategy_to_build_enough_homes

 

Housing Affordability Policy Framework

http://www.manchester.gov.uk/news/article/7593/manchester_to_lead_the_way_in_housing_affordability