Object
Community Infrastructure Levy - Draft Charging Schedule (Nov 2014)
Representation ID: 1804
Received: 12/12/2014
Respondent: Cogent Land LLP (Cogent)
Representation Summary:
Three Way Trade Off
Cogent and Savills are concerned to note that BNP is suggesting that already unviable sites should be disregarded or the purposes of CIL testing and will not be a material consideration -
In BNPPRE's experience the proposed residential CIL rates will be a marginal factor in a scheme's viability representing an opportunity cost of cica 4% affordable housing ....In light of this BNP Paribas Real Estate consider that even in setting a nil rate of CIL would not ensure that the Council achieves its target level of 20/30% affordable housing in every site in the Councils area.