Teams will focus on education, affordability, demographics, valuation and planning.
The Build to Rent Joint Committee – jointly chaired and organised by the British Property Federation and the Ministry of Housing, Communities & Local Government (MHCLG), and made up of the Greater London Authority, Manchester City Council, valuers, developers and investors – was set up last April to resolve industry-wide issues holding back the sector’s development and to encourage greater collaboration between government and industry.
It was meant to run for just a year, but the government decided many issues remained unresolved and commissioned the taskforce to continue its work for another year. Under the new brief, five teams have been set up to home in on the issues that the committee considers to be the most pressing for the industry: education of local authorities about the tenure; the demographics of the BTR market; affordable housing requirements; uncertainty over valuations; and planning clauses.
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