In figures released by the government today, York has been allocated a New Homes Bonus payment of £4.6 million.
The bonus reflects the number of new properties built in the City.
The government says that 646 homes were built in the City between October 2014 and October 2015, .
That is the largest number of houses built for several years and reflects the City’s climb out of the recession.
Additionally, 67 empty homes were brought into use.
134 “affordable” homes were built which attracted a “premium” on the bonus.
York is receiving a New Homes Bonus of £3.6 million in the current year.
Although intended to encourage house building, the York Council has tended to use the housing bonus payments to underpin its general capital and revenue programmes. (See also NHB 2013)