Overview

This bill amends the Town and Country Planning Act 1990, allowing local planning authorities in England and Wales to use money received through planning obligations (section 106 agreements) to build, maintain, or improve residential properties. This aims to increase affordable housing provision.

Description

The bill modifies the 1990 Act by adding a new subsection (2A) to section 106. This allows local planning authorities to utilize payments received under planning obligations for building, maintaining, or improving residential housing. The definition of "residential premises" will align with that in the Housing Act 2004. The amendment will not affect planning obligations agreed before the new law comes into effect, which is two months after the bill's passage. The bill applies only to England and Wales.

Government Spending

This bill does not directly increase or decrease government spending. Instead, it alters how existing funds (from section 106 agreements) are utilized, potentially redirecting funds towards housing projects.

Groups Affected

• Local Planning Authorities: Gain greater flexibility in using section 106 payments, potentially leading to increased affordable housing development.
• Developers: May experience a change in the types of community contributions required as part of planning permissions.
• Housing Associations/Social Landlords: May benefit from increased funding for housing development or improvements.
• Residents: Could potentially see increased availability of affordable housing in their communities.

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