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Finances / Finanzen » uk.finance » Development Land values plunge in SW London...
Development Land values plunge in SW London... [message #396389] Di, 11 Juli 2006 09:03
Troy Steadman  
Under Kingston Borough's Section 106 Planning Obligation, if you build
more than 10 units you are contractually obliged to...

1)....make half the units affordable and pass them over to the council.

2)..."pepper pot" these council houses throughout your development.

3)...build the maximum the land will accommodate.

4)...in the case of flats, ensure any service charge is also affordable
("full price" residents subsidise their "council house" neighbours).

....and the same applies to smaller developments wherever practicable.

http://www.kingston.gov.uk/affordable_housing_spd.pdf

Surely nobody is going to be building new homes except Housing
Associations?
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