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…

View original post 389 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