Friday, 25 May 2012

Tory Hostility to Local Authorities Casts Long Shadow

Increasing supply is central to dealing with some acute problems facing the housing system.  Simple, but there are pressing questions which must be answered.  Who is going to pay? And how are they going to do it?  The CLG select committee addressed this issue in its recent report on housing finance, Financing of new housing supply . The report's premise is that austerity means there is no more public money for investment in housing, so the question is what else might be done. The report looks across the rental tenures and owner occupation. Some potentially innovative ways are identified, and some well-established themes are reprised. The overall conclusion is that there is no single solution. A range of measures is going to be necessary, and a primary task will be to involve institutional investors who have traditionally steered clear of residential property.  Download a copy of the report from the Parliament website.


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