New Homes Bonus Scheme to aid Housing Shortage!

New Homes Bonus Scheme to aid housing shortage

New proposals by the Coalition Government will give local councils in England extra money for all new homes built. Under the New Homes Bonus Scheme, announced by Housing Minister Grant Shapps, a grant equivalent to the council tax for each new home will be paid to the councils for the next 6 years. The councils will be able to decide how to spend the money.

The scheme is aimed at reducing the chronic housing shortage in England. There are currently some 4.5 million people on council waiting lists, but only 120,000 properties were built last year.

The Shadow Housing Minister, John Healey, said the programme was a con, as the money will be taken    from existing grants to councils, and not be new money at all.

David Orr of the National Housing Federation said that the “incentive might help persuade local  authorities”, but felt that a different strategy was needed, and the end to NIMBY-ism was the key. “There  are places all over the country where there is a crying need for new homes, but there are still many, many  communities where the default position is ‘we don’t want to see any new homes built here’.

Taken from http://PropertySurveying.co.uk – August 2010//em>

About

Having served 16 years in the army Colin re-educated during the early 1990’s including two years at the Camborne School of Mines reading Mineral Surveying and Resource Management achieving a first class Diploma (Dip CSM). This allowed direct entry to the second year at The University of the West of England, Bristol reading Valuation and Estate Management. Training and experience was gained with Exeter City Council Estates Department and Sheperds Chartered Surveyors qualifying as a Member of the Royal Institution of Chartered Surveyors in June 2003. Colin set-up the company in May 2009 and covers the complete range of services.

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