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New Homes Bonus Money

Requested on
Thu 27th October, 2011
Reference
FOI 1503
Resolution
Information provided

Question

I wondered if you could kindly supply me with details of the following:

1. Where money received through the New Homes Bonus scheme in year one payments was spent. This was paid from the Communities and Local Government department to councils in April 2011.
2. Whether this money has gone into a general fund, or been spent on a specific project
3. If the money has been spent on housing, how many of those homes were affordable

Answer

1.  Money from the New Homes Bonus was not allocated to any specific expenditure.
2.  £330k  will be used for General Fund purposes and £314k has been transferred to the General Fund Reserve balance.
3.  Not applicable

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