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New Homes Bonus for 2016 - 2017


Denise Lloyd
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"Provisional allocations of the New Homes Bonus for 2016 to 2017 including a gross payment calculator and technical consultation.

Full list of provisional allocations of the New Homes Bonus for the 2016 to 2017 financial year including a gross payment calculator and details of the technical consultation into reforming the New Homes Bonus in future years.

Provisional year 6 allocations

The New Homes Bonus is a grant paid by central government to local councils to reflect and incentivise housing growth in their areas.

The New Homes Bonus is currently paid each year for 6 years. It is based on the amount of extra Council Tax revenue raised for new-build homes, conversions and long-term empty homes brought back into use. There is also an extra payment for providing affordable homes.

Details for the provisional allocations for the year 2016 to 2017 are below. These allocations bring the total amount of New Homes Bonus allocated to local councils to over £4.8 billion. This rewards delivery of almost 1 million net additional dwellings, and over 100,000 long-term empty homes brought back into use and over 270,000 affordable homes.

Councils can decide how to spend the New Homes Bonus. However, we expect councils to consult communities about how they will spend the money, especially communities where housing stock has increased.

  1. New Homes Bonus provisional allocations 2016 to 2017
    • 17 December 2015
    • Policy paper

For Herefordshire CC 600 new homes will receive just under £5m. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/486250/New_Homes_Bonus_-_provisional_allocations.xlsx"

 

Whilst I knew Councils are paid to have new houses built I did not know about the last paragraph thus.  I know with 106 monies the Councils should consult with the parishes affected by new builds but not with the New Homes Bonus. 

 

"Councils can decide how to spend the New Homes Bonus. However, we expect councils to consult communities about how they will spend the money, especially communities where housing stock has increased."

 

Info taken from 

New Homes Bonus: provisional allocations for 2016 to 2017 ...
https://www.gov.uk/.../new-homes-bonus-provisional-allocations-for-20...
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17 Dec 2015 - The New Homes Bonus is a grant paid by central government to local councils to reflect and incentivise housing growth in their areas.
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