We’ve made a submission to the Autumn Budget on behalf of the sector that focuses on land, and the importance of recognising regional housing markets.
1 October 2018
To meet housing need, the Government must build on its positive commitments made to the housing association sector and complete the supply puzzle – with robust reform to the land market. That’s why our submission to the Autumn Budget is focused on land.
Our submission is focused on two main asks:
- To achieve our shared ambitions on supply – particularly the requirement for more quality affordable homes – we ask that the Government takes action to reform the land market. This includes giving communities a fairer share of the value created by development. Our key asks for this are:
- reform the 1961 Land Compensation Act to enable a fairer proportion of the uplift in land value is shared with the community, including for affordable housing
- a government commitment to delivering 50% affordable housing across public sector land
- a transparent database of land ownership.
- To ensure that all regions are properly supported with the right kind of investment, we ask that the Government recognises that different areas of the country experience the housing crisis differently.
We believe these proposals will contribute to the Treasury’s priorities of achieving strong and sustainable growth, of reducing the deficit and rebalancing the economy.
If you have any feedback on our submission, please get in touch.