Tuesday, 2 October 2012

‘10,000 Affordable Homes Feared Lost Through Section 106 Change’

The Government has said that 10,000 affordable homes might be lost through the changes to section 106 arrangements.  As part of its stimulus package to kick-start the housing market, the Government announced that developers who could prove that affordable housing requirements through section 106s were making stalled schemes unviable could request them to be removed. This, it said, could unlock 75,000 homes currently stalled due to sites being commercially unviable.  However, the move has been criticised by some housing associations who rely on section 106 agreements for their development programmes. They also fear the loss of mixed communities as schemes can go ahead without any affordable housing.  Read more on 24dash.

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