Cranbrook – no more unaffordable affordable homes or even affordable affordable homes?

“To date 10% of all homes at Cranbrook have been ‘affordable by design’ properties, whose maximum floor spaces have been limited by the terms of the existing S106 agreement. These are properties whose floor spaces have been below that which would normally be seen for two or three bedroom properties and which therefore have a lower open market value; they do not fall under the definition of affordable housing.

With a drive to improve people’s health and wellbeing at the town and lenders being increasingly reluctant to lend on the current terms of the S106 agreement, Officers consider it appropriate to cease the requirement for these houses to be delivered. A deed of variation to the S106 agreement is being progressed to deal with this matter.”

http://eastdevon.gov.uk/media/2702251/271118strategicplanningcombinedagenda.pdf