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Author: Great Britain: National Audit Office Publisher: The Stationery Office ISBN: 9780102981384 Category : Social Science Languages : en Pages : 46
Book Description
The Department for Communities and Local Government is not adequately monitoring the £1.3 billion New Homes Bonus paid to local authorities up to 2013-14. The scheme aims to deliver 140,000 new homes over the next ten years. The Department has not decided upon a review's scope or methodology. The National Audit Office calls for the essential review to be carried out urgently. This report has found some evidence that the New Homes Bonus has given authorities resources to allow them to continue activities such as identifying empty homes and bringing them back into use. But the scheme is mainly funded by redistributing central government's core funding for local authorities. Some local authorities, particularly in areas where developers are less likely to want to build new homes, face losing large amounts of their funding from central government. These authorities face growing financial risks, including to future service delivery. Also the new homes estimate was produced using very limited evidence and contained an arithmetical error which significantly increased estimated construction rates. It is difficult for local authorities to persuade communities of the benefits of new housing. New housing is often unpopular with residents who may be concerned about pressure on local services, loss of amenities, traffic congestion and disruption during building. Some councillors, local authority officers and stakeholders with whom the NAO spoke suggested these views were often strongly held and difficult to change.
Author: Great Britain: National Audit Office Publisher: The Stationery Office ISBN: 9780102981384 Category : Social Science Languages : en Pages : 46
Book Description
The Department for Communities and Local Government is not adequately monitoring the £1.3 billion New Homes Bonus paid to local authorities up to 2013-14. The scheme aims to deliver 140,000 new homes over the next ten years. The Department has not decided upon a review's scope or methodology. The National Audit Office calls for the essential review to be carried out urgently. This report has found some evidence that the New Homes Bonus has given authorities resources to allow them to continue activities such as identifying empty homes and bringing them back into use. But the scheme is mainly funded by redistributing central government's core funding for local authorities. Some local authorities, particularly in areas where developers are less likely to want to build new homes, face losing large amounts of their funding from central government. These authorities face growing financial risks, including to future service delivery. Also the new homes estimate was produced using very limited evidence and contained an arithmetical error which significantly increased estimated construction rates. It is difficult for local authorities to persuade communities of the benefits of new housing. New housing is often unpopular with residents who may be concerned about pressure on local services, loss of amenities, traffic congestion and disruption during building. Some councillors, local authority officers and stakeholders with whom the NAO spoke suggested these views were often strongly held and difficult to change.
Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher: The Stationery Office ISBN: 9780215063311 Category : Architecture Languages : en Pages : 44
Book Description
The New Homes Bonus was introduced as a financial incentive for local authorities to encourage the building of new homes. The scheme is funded from existing local authority grants. £7.5 billion will have been redistributed between councils by 2018-19, so there is a lot of money at stake. It is clearly vital that the incentives work and the Government achieves its aim. It is therefore disappointing that after more than two years of the scheme being up and running, no evaluation is in place and no credible data is available to show whether the scheme is working or not. So far the areas which have gained most money tend to be the areas where housing need is lowest. The areas that have lost most tend to be those where needs are greatest. The Department has yet to demonstrate whether the New Homes Bonus works. Is it helping to create more new homes than would have been built anyway? Is it the best way for Government to use its limited resources to create more homes where they are needed most? Its planned evaluation of the Bonus scheme is now urgent
Author: Great Britain. Department for Communities and Local Government Publisher: ISBN: 9781409828327 Category : Construction industry Languages : en Pages : 38
Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee Publisher: The Stationery Office ISBN: 9780215044136 Category : Business & Economics Languages : en Pages : 284
Book Description
This report concludes that the Government must employ a basket of measures, covering all tenures of housing, if sufficient finance is ever to be available to tackle the country's housing crisis. For decades, successive Governments have failed to deliver sufficient homes to meet demand. The country faces a significant housing shortfall, and the financial crisis has amplified the problem. 232,000 new households are forming each year in England, and yet in 2011 fewer than 110,000 new homes were completed. The Committee sets out four key areas for action, which, taken together, could go a long way to raising the finance needed to meet the housing shortfall: large-scale investment from institutions and pension funds; changes to the financing of housing associations, including a new role for the historic grant on their balance sheets; greater financial freedoms for local authorities; new and innovative models, including a massive expansion of self build housing.
Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee Publisher: The Stationery Office ISBN: 9780215562036 Category : Architecture Languages : en Pages : 322
Book Description
The Government set out its new approach to regeneration in Regeneration to enable growth: What Government is doing in support of community-led regeneration (DCLG). But the document gives the Committee little confidence that the Government has a clear strategy for addressing the country's regeneration needs. It lacks strategic direction and is unclear about the nature of the problem it is trying to solve. It focuses overwhelmingly upon the achievement of economic growth, giving little emphasis to the specific issues faced by deprived communities and areas of market failure. The proposed measures are unlikely to bring in sufficient resources. Funding for regeneration has been reduced dramatically and disproportionately over the past two years, and unless alternative sources can be found, there is a risk of problems being stored up for the future. Also lacking is a strategy for attracting private sector investment. And the document gives too much prominence to changes to the planning system and does not acknowledge the benefits effective planning has brought to regeneration. The financial and economic climate has impacted dramatically upon regeneration, but the withdrawal of Housing Market Renewal Funding in particular has created significant problems, leaving many residents trapped in half-abandoned streets. The Committee suggests a number of measures that could, as part of a wider approach, contribute to stimulating regeneration and incentivising private sector involvement. The Government should now produce a national regeneration strategy which sets out a coherent approach to tackling deprivation and market failure in the country's most disadvantaged areas.
Author: Cathy Davis Publisher: Policy Press ISBN: 1447306481 Category : Business & Economics Languages : en Pages : 328
Book Description
In the years since distressed mortgage-backed securities sparked the 2008 economic crisis, several nations have implemented austerity programs that aim to reduce their debt by stabilizing shaky financial institutions. Cathy Davis contends that the British coalition government is actually using its austerity plan as a way to dismantle the welfare state--and that housing remains at the heart of the matter. Explaining why mortgages and rental costs are rising even as people with low incomes receive substantially less help from the government, she reveals the longstanding links between housing finance and broader social and political issues.
Author: Great Britain: National Audit Office
Author: Great Britain: National Audit Office
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Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
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Author: 
Author: Great Britain. Department for Communities and Local Government
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Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee
Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee
Author: Cathy Davis