Financing of New Housing Supply

Financing of New Housing Supply

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This report concludes that the Government must employ a basket of measures, covering all tenures of housing, if sufficient finance is ever to be available to tackle the country's housing crisis. For decades, successive Governments have failed to deliver sufficient homes to meet demand. The country faces a significant housing shortfall, and the financial crisis has amplified the problem. 232, 000 new households are forming each year in England, and yet in 2011 fewer than 110, 000 new homes were completed. The Committee sets out four key areas for action, which, taken together, could go a long way to raising the finance needed to meet the housing shortfall: large-scale investment from institutions and pension funds; changes to the financing of housing associations, including a new role for the historic grant on their balance sheets; greater financial freedoms for local authorities; new and innovative models, including a massive expansion of self build housing.In this chapter we will consider possible ways of funding the building of new homes for owner occupation. We will begin by considering the Governmenta#39;s proposals for the NewBuy guarantee scheme. We will then examine the funding ofanbsp;...

Title:Financing of New Housing Supply
Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee
Publisher:The Stationery Office - 2012-05-01

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