The Guest Essay
One-off features from property experts
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Land for Hope and Glory
24th December 2018
SUMMARY
‘There is always an easy solution to every problem – neat, plausible, and wrong.’ HL Menken
Act one: Amend Compulsory Purchase Order law to allow authorities to buy land at existing use value on sites zoned for homes to generate Land Bounty. Use 80% of Bounty to fund Half Market Rent (HMR) homes. Councils spend 20% on local improvements. Bounty realised by JV with private sector or Housing Assocs. Equity in HMR slow-released to occupant.
Act two: Set aspirational 5-year target... Read More >
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