On a depressing note, see the following, a company based in Sevenoaks:
“Affordable housing 106” is anything but helping the affordable housing situation in this country.
This case study page boasts about recent victories for clients, including:
– negotiating down from 50% to 25% the proportion of affordable housing for a project in South London: while the local Council wanted a 70/30 split between rent and shared ownership, the company facilitated 100% shared ownership tenure;
– facilitated commuted sum in lieu of affordable housing for a proposed care home development in the South East
– negotiated a Deed of Variation for an existing 106 Agreement in East London, whereby the owner/developer secured ownership/management of the affordable housing units.
Of course we have a similar company in Exeter:
To take but one local example from their case studies:
“Acting as both principals and in collaboration with Somerfield Food Stores in connection with a planning application to redevelop a 50 dwelling brown field site. Torridge District Council Planning officers sought a Section 106 agreement providing 20% affordable housing. Using a viability appraisal we were able to negotiate a reduction to 12%, saving circa £150,000.”
Presumably the families of employees of these companies have no need of sich housing themselves – lucky people.