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Fixing our broken housing market

  • The report outlines measures to accelerate housebuilding on public and privately owned land. Councils and developers will be required to use land more efficiently, avoid low density housing where land is scarce and promote higher density in urban areas. A £45 million Land Release Fund will help to release surplus public sector.
  • Greater involvement of small and medium sized developers is encouraged as are alternative methods of construction such as off-site modular housing. Both will be helped by the £3 billion Home Building Fund. A new maximum time limit between planning consent and starting on site (reduced from three years) is also designed to speed up delivery.
  • To improve transparency, all councils will be required to produce housing demand plans showing how they intend to meet projected household growth. The plans must be updated every five years. There will also be improved transparency on land ownership via the Land Registry database by 2030.
  • The Paper demonstrates a significant shift in policy for the government with much more emphasis given to the renting rather than buying. The Government hopes to encourage major institutional investment in new large-scale housing, purpose-built for market rent. It also aims to improve standards for those living in the rental sector and to promote longer tenancies, particularly with families in mind.
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