Policy information sourced from the Guildford Local Plan: Develpment Managment Policies
H6: Review Mechanisms
If a reduced contribution to affordable housing than that which is required by the Local Plan is proposed and justified on viability grounds, the Council will normally require a viability review mechanism to be secured.
Based on the outcome of the review/s of viability, the Council will seek to recover in full or in part any affordable housing contributions that would otherwise have been secured under the Local Plan affordable homes policy.
The viability review mechanism will specify a trigger point or points for undertaking viability review which will reflect:
- a late stage review which should be undertaken prior to the sale or lease of 75% of market homes, or at an agreed similar point; and
- for large-scale phased development, an additional mid-stage review prior to implementation of the second half or later phase/s of the development.
In the case of a late stage review, the contribution will be by payment in lieu, unless otherwise agreed. Should an additional mid-stage review be agreed, the Council will seek any additional affordable housing provision on-site unless it is satisfactorily demonstrated to be impractical.
Any further contributions secured via this review mechanism will be capped at the extent of additional contribution necessary to meet the minimum Local Plan affordable housing policy requirement considering what was already secured at the time of determining the planning application.
For more information please see the Local Plan