Ways of Ending Land Hoarding so that Housing Markets Clear

Throwing more public money at the private sector to build the slums of the future faster.

Decisions, Decisions, Decisions

Quite a lot of interest in the H&C Agency proposal for the government to underwrite the price of unsold homes.

Guardian

A £2bn fund to boost housebuilding could be used by the government to offer guarantees to developers that it will step in to take on properties that they are unable to sell.

The Conservative party unveiled plans on Monday for £5bn worth of funding to support housebuilding, £2bn of which was designed to provide 15,000 new homes on public land by 2020.

The accelerated construction fund, could be used to underwrite new developments on public land, and could mean the government taking on unsold properties, according to Sir Edward Lister, the chairman of the Homes andCommunities Agency (HCA), which will oversee it.

“So it’s about us going to a housebuilder and instead of expecting the normal build-out rate of 50 units a year we’ll say, ‘We want…

View original post 426 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s