‘Lost million’ on student housing uncovered by Exeter Greens
Exeter Green Party say that a policy offering discounts to developers of student accommodation in the city has lost the council almost £1 million. The Community Infrastructure Charging Levy (CIL), currently applies a 50% ‘discount’ on levy fees compared to domestic construction. In St David’s ward alone, developers have only been charged £938,000 compared to almost £1.876 million if the levy had been applied at the same rate as residential construction.
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