Tuesday, 8 December 2020

Raising Of Section 106 Threshold To Be ‘Kept Under Review’

Appearing before the Housing, Communities and Local Government Select Committee, Christopher Pincher said he will review how plans to make sites of 40 or 50 homes exempt from Section 106 agreements would impact affordable housing provision. Section 106 agreements are agreed between developers and local authorities and usually involve the former either providing a certain proportion of affordable housing on site or an equivalent financial contribution. They were previously required on sites as small as 10 homes. Statistics released by the government show that Section 106 funded 52% of all affordable housing delivery in 2019/20, up from 49% the previous year. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/raising-of-section-106-threshold-to-be-kept-under-review-says-pincher-68943?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60

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