New Local Authority Housing Supply Incentive Programme
Adam Challis, Head of Research at Hamptons International, comments: “Hamptons International welcomes Government proposals that will incentivise Local Authorities to build new houses. The new Homes Bonus would be equal to six years of council tax for each new home and should encourage Local Authorities to be more open-minded about new development proposals.”
“The cost of providing services to new households can be a deterrent to cash-strapped Local Authorities. These proposals begin to re-align this cost burden with the benefits of new housing supply for the rest of society.”
“The current level of housebuilding is woefully inadequate to meet the demand. Many areas of the country, notably in the South, are simply storing up affordability problems for the future.”
Publication Date: Aug 11, 2010
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