Tue 06 Dec 2016
Sajid Javid the communities secretary announced on the 29 November in the House of commons that the Housing White Paper will not be published until January 2017.
He said: “I am sure that the whole house will welcome the latest official housebuilding numbers showing housing starts at an eight-year high, but there is still a lot more we need to do. That was why last week’s Autumn Statement contained billions of pounds of funding to get Britain building, and it is why our White Paper, which is due to be published in January, will set out a range of radical plans to boost the housing supply.”
The Housing White Paper will include a wide range of measures and reforms to increase land availability. Most of the building trade will be waiting in anticipation
There is of course concern that the white paper will put developers under more pressure to deliver a higher percentage of affordable housing. Affordable housing is of course essential to help any local community thrive, but currently, it doesn’t offer an attractive investment for developers mainly because of the initial cost of the Land. Perhaps a way of making it more attractive to developers to continue building is to allow them a larger unit count in exchange for providing a certain number of affordable units. As more affordable housing, is provided on a site, its net residual value decreases until a point is reached where there would be no incentive to proceed with a development. The Housing White Paper can only be a good thing, particularly as the development sector are all in need of consistency, certainty and clarity.
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