Friday, 26 April 2013

Section 106 Plans Become Law

Plans to allow developers to renegotiate their affordable housing obligations if they believe these are making schemes unviable have become law.  The Growth and Infrastructure Act will allow developers to reopen discussions over section 106 agreements and reduce the number of affordable homes they are providing. During the passage of the bill through parliament the government accepted an amendment introducing a ‘sunset clause’ to end the measure in April 2016, although the government will be able to extend it if it feels it is still necessary. Read more on Inside Housing.

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