Section 106: Affordable homes
If you agree to provide affordable homes as part of your planning application, it will be formalised as a section 106 agreement. This will state either the percentage of affordable homes you agree to provide (outline applications) or the actual plots and house types (full or reserved matters applications).
The sale prices of these homes will be restricted both at initial sale and at all future sales, based on multiples of the gross median household income in the six community network areas of Carmarthenshire.
These figures are updated in November each year, and are currently:
|Community Network||Median household income||1 bedroom apartment||2 bedroom apartment/house||3 bedroom house||4 bedroom house|
1) Based on household incomes data supplied by postcode by CACI Paycheck, November 2017
2) Based on 3 times median income plus 5% deposit for 'benchmark' 3 bedroom house
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