Steve Lees, Director at smartnewhomes, comments on the details of the New Homes Bonus:
“Despite the government ring-fencing nearly £1billion for local authorities that agree to new developments in their area, on its own, the question remains whether this money will be enough to counter nimbyism in areas where new homes are needed most. Incentivising local people to agree to new homes in return for sustaining local services that are under already threat, is certainly not ‘the powerful incentive’ the industry expected.
“If the New Homes Bonus is successful in increasing the number of new homes that are granted planning this year it will still take much longer before the industry is able to make any serious dent in the housing shortfall. The suggestion by the CPRE that the New Homes Bonus is illegal could also delay the implementation of the Localism bill which has already been hit by setbacks.”
See Also: New Homes Bonus (0), Nimbyism (0), Press Releases (0), Property News (0), CPRE (0), Localism Bill (0)
Date Published: 18 February 2011
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