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ARCH annual report

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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

DCLG consultation: New Homes Bonus 'Sharpening the incentive' 07/01/2016

The government has issued a consultation paper seeking views on options to change the New Homes Bonus in order to better reflect councils' delivery of new housing.

 

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 six 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 New Homes Bonus for 2016 to 2017 bring the total amount allocated to local councils to over £4.8 billion. Councils can decide how to spend the New Homes Bonus. However, the government expects councils to consult communities about how they will spend the money.

 

The consultation paper also seeks views on reducing the number of years in which both current and future payments are made from the six years to four. 

 

Changes are proposed to be introduced from the 2017/2018 financial year. The proposals are likely to have major financial implications for some councils.

 

Deadline for responses is 10 March 2016.

 

View the consultation paper.

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