We're trying to produce a new NHB calculator based on 4 year payments and the 0.4% baseline. We need to be able to calculate the NHB generated on individual housing developments (not just empty homes) rather than the total annual receipt.
It’s easy to convert net additions to band D equivalents, multiply by the national band D average and add the affordable housing premium. What we’re struggling with is how to apply the 0.4% baseline. Again this is easy to apply to overall annual net additions, however less so for individual developments where the no. of units is less than the baseline (which is 0.4% of the total no. of dwellings in October 2016 in band D equivalents).
Has anybody created such a calculator? It’s not as easy as reducing 0.4% of the NHB as the 0.4% relates to the Oct 16 band D equivalents and not 0.4% of net additions.
Hopefully this makes sense. Thanks in anticipation.
Dan Thorning, Plymouth CC