ARL encouraged by multiple references to BTR in the New Towns Taskforce report
Last week saw the publication of the to Government by MHCLG on behalf of the New Towns Taskforce. In addition to recommending the locations for the next generation of new towns, the Report also includes multiple references to Build to Rent.
One such reference which the ARL particularly is encouraged by, states that 鈥淭he Build-to-Rent sector is one example of a recent innovation that has created a route for more patient investment in residential property which will be highly suitable to new towns, and could have benefits for delivery too by contributing to the diverse range of housing tenures鈥�.
The ARL has long advocated for the important role of BTR within mixed-tenure housing and stands ready to work with the New Towns Unit, being established by the government to progress development on new towns.