Cambridge is to receive a New Homes Bonus from the government of almost £5 million over the next year.
The award, which includes just over £153,000 based on the number of new affordable homes provided in the city, has been welcomed by the city’s MP Julian Huppert.
It is based on the amount of extra Council Tax raised for new-build homes, conversions and bringing empty homes back into use.
Julian said: “This is good news for Cambridge. It reflects the work put in place when the Lib Dems ran the City Council to provide much needed new homes.
“We put a planning policy in place to make sure all new developments included 40 per cent affordable houses and we put other measures in place to address our housing shortage including bringing empty homes back into use.
“We saw housing supply hit crisis under the last Labour government and the number of social and council houses fell by 421,000 and waiting lists almost doubled. The New Homes Bonus allocation which totals £1.17 billion across English authorities is proof that our government is addressing this problem.”
The New Homes Bonus for Cambridge totals £4,963,189 for 1,194 units including 547 affordable homes and 11 empty homes brought back into use.