The developers of a luxury housing complex in Cardiff have agreed with the council not to pay more than £230,000 they previously committed towards affordable housing. Lozelles, listed as a "collection of luxury apartments" in "one of the most desirable and affluent areas of Cardiff," was built in Lisvane by developers PHG Capital. PHG Capital had originally agreed to pay an affordable housing contribution of £232,290 on the completion of the 12th unit, but despite building 16 units this was not paid.
The council and PHG have now signed an agreement to remove this requirement and reduce the amount payable to just £23,137 towards public open space and £1,760 towards waste management, both already paid, and £5,000 towards highways and transportation which had not yet been paid despite forming part of the original agreement. Full planning permission was granted for two houses and 11 flats on the site in February 2018, subject to conditions including a Section 106 agreement - a type of contract signed between developer and council to bind developers to pay for infrastructure like parks, roads and schools in areas where they build big projects (often housing). The vast bulk of this agreement was the £232,290 affordable housing contribution.
READ MORE: Wales' arts are being silenced and we should be worried for their future READ MORE: Woman who quit £123,000 job and failed to get it back wins tribunal A subsequent application for three further apartments was received in April.
