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ARTICLE · 18 NOVEMBER 2016

Why Does It Matter If My Site Is In A Designated Protected Area?

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If the affordable housing element of your development includes shared ownership and your development site is in a DPA then the RP granting the shared ownership leases will...

CanadaReal Estate and Construction
Gemma Courtenay
Gemma Courtenay
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If the affordable housing element of your development includes shared ownership and your development site is in a Designated Protected Area (DPA) then the registered provider (RP) granting the shared ownership leases will, if the properties form part of their grant-funded programme, have to include certain clauses in the shared ownership leases, which seek to ensure the preservation of the properties for shared ownership indefinitely.

As the DPA status of a site can impact on viability for an RP, developers, as well RPs should be alert to the DPA status of a site so that the implications can be considered early and, if necessary, an application for waiver can be submitted in good time.

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