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SarahBell

HAs Must Develop Smaller Homes To Win Grant Share

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http://www.24dash.com/news/central_government/2014-01-27-Bedroom-tax-builds-HAs-must-develop-smaller-homes-to-win-grant-share

HAs must develop smaller homes to win grant share

The government has said that HAs "will have to focus on delivering new homes that are in short supply in their local area" so that "smaller households can move to more suitably-sized accommodation"

The government says that the following cost contributions should be fully utilised, where available, to contribute to the delivery of new supply, and to reduce the call on capital grant funding:

• Borrowing capacity generated by the net rental income stream of the new properties developed.

• The additional borrowing capacity that can be generated from the conversion of social rent properties to affordable rent or other tenures at re-let.

• Cash generated through the sale of existing stock.

• Other sources of cross subsidy, including surpluses from existing stock and activities, recycled capital grant funding and disposal proceeds funding and income from developing new properties for outright sale.

• Other sources of funding or means of reducing the costs such as free or discounted public land, including local authority land, and local authority contributions such as from the New Homes Bonus.

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So HA will have to look at the housing demand in an area and build accordingly? Sounds like a sensible plan.

There's lots of useful stats on how many people there are needing 1 bedroom properties.

Edited by SarahBell

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