Understand
Work starts on North Yorkshire affordable housing schemes backed by second home tax
Overview
Construction has begun on two affordable housing developments in Hunmanby and Shipton by Beningbrough in North Yorkshire, supported by nearly £900,000 generated from a council tax premium on second homes. The projects, led by Broadacres Housing Association, will provide a total of 26 affordable homes and are designed to help local people remain in their communities.
Key points
- Construction has started on two affordable housing developments in North Yorkshire funded in part by a council tax premium on second homes.
- The second home tax premium doubles council tax bills for second-home owners in the county, projecting around £10m per year for affordable homes and other projects.
- The developments in Hunmanby and Shipton by Beningbrough were unlocked by nearly £900,000 from the second home premium.
- The Hunmanby scheme will feature 15 affordable homes, while the Shipton by Beningbrough scheme will include 11 affordable homes.
- Both projects are led by Broadacres Housing Association with additional funding from North Yorkshire Council and Homes England.
- Campaigners against the policy have previously argued that the tax overlooks impacts on coastal communities and businesses.
