At the launch of the Affordable Housing Commission in October, the chair, Lord Best, a veteran of august commissions spanning the past 30 years, related an experience he’d had with one that was looking at The Future of the Family.
More than halfway into the process, its chair came to meet its sponsor (then plain old Richard Best) and admitted that they were a little behind schedule. They hadn’t managed to agree on a definition of “family”.
From the off, members of the commission – of which I am honoured to be one – are therefore highly conscious of the need to get the basics right. But not only do we need to know what “affordable” means (already the subject of much controversy in the housing world), but I think we also need to define “home”.Read more
Despite repeated cries by the Chancellor that “your hard work has paid off”, the Autumn Budget was underwhelming in its efforts to address the housing crisis. In brief, nothing new for renters, a mixed bag for landlords, and support for first-time buyers moving into shared ownership. Several extra pots of cash for housebuilding but well short of what’s needed and nothing radical in terms of reforming the land market to funnel the proceeds of development to local communities and build more council homes.Read more
This week has been the Conservative Party's conference, and their chance to match Labour's pledges to abolish Section 21 and seed-fund renters' unions.
There is a lot of worry among the party faithful that they are not doing enough about housing - the defining political issue of a generation. But with consultation responses on security being scrutinised by officials back in Whitehall, and Help to Buy facing negative attention, their options were narrow.Read more
Two million tenants in London will welcome the fact that getting a fairer deal for private renters is one of the Mayor of London’s five priorities for housing in the London Housing Strategy, which was published at the end of May. Given that Sadiq Khan’s housing powers are highly limited, what is his strategy promising to private renters in London?Read more
At the General Election in June, Labour won a majority of the votes of the under-40s. This was a wake-up call for the Conservative Party, many of whose members are now filled with a new urgency to address this cohort's biggest concerns - including a rather large house-shaped one.
Their annual conference has duly been bursting with new housing policies, particularly for private renters. But while they are (for the most part) improvements, the proposals fail to address the urgency of the housing crisis.Read more
The biggest talking point of Jeremy Corbyn's speech to Labour Party conference this week was rent controls. Since 2014 Labour has been proposing to limit rises in rents during tenancies, but there was something different this time around.
This is what the Labour leader said on Wednesday:
We will control rents - when the younger generation’s housing costs are three times more than those of their grandparents, that is not sustainable. Rent controls exist in many cities across the world and I want our cities to have those powers too and tenants to have those protections.
Commissioned in Autumn 2016, the final report of the London Mayor’s investigation into the role of overseas investment in housing was published last week – but its findings can be read in very different ways.
Based on research by the LSE, its major conclusion and argument is that off-plan and pre-sales to the overseas market are integral to the current development model in London – and therefore also key to leveraging more affordable housing through section 106 agreements on those sites.Read more
Well, the Housing White Paper was a massive disappointment. After an exciting glimpse on Sunday of moves to "incentivise" longer tenancies, on Tuesday it became clear that those incentives were existing government subsidies for companies building new homes. Number of beneficiaries: 80,322 (not counting the companies who would have offered longer tenancies anyway).
For the 4.3 million households in existing properties? The vague undertaking to "consider what more we can do to support families already renting privately, while encouraging continued investment in the sector." Which gives little hope to people who don't live with their family and a lot of hope to property speculators.Read more
As the publication date for the government's Housing White Paper approaches, we and groups across the the housing world are hoping for an announcement that will signal a 'whole new mindset', as the Secretary of State has promised.
One item that will be included is confirmation of how the government's long-running Starter Homes policy will work - and the detail will tell us how far it will go towards slowing the affordability crisis for first-time buyers. This is the government's flagship policy that was pitched as "turning Generation Rent into Generation Buy".Read more