Belfast·SPG001 Affordable Housing and Housing Mix·Page 49
Glossary - Commuted sum
A commuted sum is a financial payment made by a developer in lieu of providing affordable housing on-site, calculated using an agreed formula and used by the public sector to secure additional affordable housing elsewhere in the local area.
Commuted sum Where a developer does not provide affordable housing, but makes a financial payment (based on an agreed formula) that equates to the cost of providing the affordable homes on the site. The money is then used to secure the provision of additional affordable housing units elsewhere within the local area via public sector grants.
Source — /Users/richardhill/Documents/planning-arch-project/data/documents/belfast/SPG001 Affordable Housing and Housing Mix.pdf