The policy aims to encourage the development of wasteland, including the reuse or renovation of empty and unnecessary buildings. When considering how the blank construction credit should apply to a given development, local planning authorities should take into account the intent of national policies. If an application for approval of the plan is submitted to Council, we will consider whether the development would have a significant impact on the territory and the municipality. The planning obligation is a formal document, a document that states that it is a planning obligation, that the lands concerned, the person who is in the obligation and their interests, and the competent local authority that would enforce the obligation, be identified. Commitment can be a single commitment or a multi-party agreement. These new appeal and appeal procedures do not replace existing powers to renegotiate Section 106 agreements on a voluntary basis. In addition, with respect to affordable housing, this provision is not a substitute for provisions to amend a requirement established by the 1992 regulations and updated by the 2013 regulations (see above). The online map contains links to the current agreements in section 106. Any agreement under Section 106 is attached to a specific planning permission, so you can search for a specific agreement by typing the planning application number into the search tool. The Growth and Infrastructure Act (paragraph 7) introduces new clauses in the s106 of the Urban Planning and Planning Act 1990, which introduces a new application and claim procedure for the review of planning obligations for planning permissions for the provision of affordable housing. The amendments require a Council to assess feasibility arguments, renegotiate the level of affordable housing previously agreed in an S106, modify the need for affordable housing, or present itself as a vocation. The government`s 2018 planning guide provides a concise answer to this question: Performance auditing is a process for assessing a site`s financial profitability by verifying whether the value generated by a development is greater than the reference value. It examines key elements of gross development value, costs, existing land value, landowner premium and developer performance.
S106 Management`s profitability reports use industry-specific tools such as The Housing Corporation Economic Appearing Tool (HCEAT), the Three Dragons Development Appraisal Tool Kit and the Greater London Authority Housing Affordable Toolkit (GLA Toolkit) to accurately visualize the viability of a system and assess whether S106 contributions reduce profit margins below the generally accepted 15-20%.