May to Use Land Value Capture to Build New Generation of Council Homes

At lat, the powers to do what councils do best, providing housing for those in need.

Decisions, Decisions, Decisions

Sunday Times – Greater Ability to use CPO was included in the Taylor amendment to the Neighbourhood Planning Act – given royal assent just before purchase.  It would be little use however unless the Aquisition of Land Act and the land compensation code was amended to ensure the ‘alliterative scheme’ was at existing use value.  Tellingly there is nothing on value capture in the leaked Labour manifesto.  Over time such a scheme could create a rolling fund effectively paying for itself through reduced housing benefit.  The really radical approach would be to follow the IPPR approach of decentralising housing benefit and letting LAs capitalise future savings to build homes.  If adopted Healy would have nothing to say in terms of how labour would build more homes.

Theresa May will launch an audacious bid to woo Labour voters when she puts plans for a new generation of council homes for the…

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