Lib Dems Propose Land-Buying Agency To Boost House Building

Vince Cable has proposed a state-backed agency to compulsorily purchase land for building and call for measures to allow construction on some green belt sites.  In a speech at the Royal Institute of British Architects in London, the Liberal Democrat leader also proposed a big expansion in rent-to-own, where some people in new developments could pay a market rent in exchange for a gradual stake in the property, thereby subsidising social rents. The speech in response to the housing crisis comes as the government announced £1.67bn in funding for 23,000 affordable homes across England, including 15,000 for social rent. The funding is part of a previous commitment of up to £9bn for affordable housing. Read more on the Guardian website.

https://www.theguardian.com/society/2018/jun/26/lib-dems-vince-cable-land-buying-agency-to-boost-house-building