Planning obligations and the Community Infrastructure Levy – covenants, contributions and levies in a time of lockdown – Radcliffe Chambers
‘This article focuses on two of the many important issues – one under section 106 of the Town and Country Planning Act 1990 and the other under the Community Infrastructure Levy (“CIL”) regime – which are likely to arise in the residential development sector during the current lockdown and economic downturn. The first issue is early stage viability review mechanisms, which are designed to capture a share of any increased profitability, to be used for additional on-site affordable housing provision where implementation is delayed. The second issue is CIL liability notices under The Community Infrastructure Levy Regulations 2010, SI 2010/948.’
Radcliffe Chambers, 8th Aprill 2020
Source: radcliffechambers.com