Cash incentives could boost housing stock, says report
Tuesday 31 August 2010
Housing developers should be allowed to offer "very substantial" cash incentives to win the support of residents for new construction projects in their neighbourhoods, a Conservative-leaning think-tank report suggests today.
The Policy Exchange report said that decisions on new housing should be made by a ballot of affected residents, taking the decision out of the hands of council planners and preventing a vocal minority from blocking developments which are supported by the majority.
The proposal is one of a number of ideas designed to increase the supply of homes and stabilise property prices, to reverse a "housing crisis" which has led to swollen waiting lists for social homes and excluded many would-be first-time buyers from the market.
The think-tank said that its proposed overhaul of housing policy could save taxpayers £20bn a year, principally by bringing down the cost of housing benefit and making it easier for social tenants to find work.
The report called for the Government to prevent the kind of inflation seen in the last decade, with the goal of ensuring that all working families should be able to afford a decent home by 2030.
Life & Style blogs
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
£75 - £90 per day + negotiable: Randstad Education Group: Are you a cover supe...
£30000 - £35000 per annum: Ashdown Group: Marketing Manager (CIM, B2B, MS Offi...
£22000 - £25000 per annum: Ashdown Group: A highly successful organisation wit...
£1 per day: Randstad Education Leeds: Job Purpose To work closely with the he...