Build now or pay later? Funding new housing supply
Article
Policymakers of all political parties recognise the pressing need for us to build more homes in this country. In this paper, the third in IPPR's series of briefing papers as part of its fundamental review of housing policy, we turn to a question that is vexing policymakers in government and elsewhere: 'If we are to increase housing supply, how are we to pay for it?'
The paper does not dwell on how better to use the country's existing housing stock - that will be the subject of the next paper in the series - but instead, on how we can afford to increase that stock. We concentrate on three key ideas - focused on institutional investment, the role of local authorities and recapitalising public spending in housing - as well as additional proposals around expanding the nascent Green Investment Bank into a true National Investment Bank and reform of the development industry.
Related items
Dr Parth Patel on BBC Politics Live - July 2024
IPPR's Dr Parth Patel on BBC Politics Live discussing the new Labour government, Covid, migration and international affairsA ‘mandate’ to deliver: Who voted Labour and what do they want?
This year’s general election saw the Labour party achieve a historic landslide, winning 218 new seats and a comfortable majority in the House of Commons.Half of us: Turnout patterns at the 2024 general election
One-half of adults in this country voted at the 2024 general election, the lowest share of the population to vote since universal suffrage.