Housing and the credit crunch [electronic resource]
Language: English Publication details: London House of Commons 2009Subject(s): LOC classification:- 306.1 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 146763-1001 |
Terms of reference -- Summary -- Introduction -- House building targets: the 2007 housing green paper; targets, need and deliverability; balance of provision, private, social rented and low cost home ownership; land values; retaining skills and capacity in the construction sector; "regulatory burden?"; government response, purchasing unsold units; street property purchase; government response, additional social housing; government response, critical regeneration schemes -- Financial viability of housing schemes: building more affordable homes, the funding model; social housing grant; lending to housing associations; cross-subsidy; contingency planning -- Home ownership: affordability; government response, Homebuy Direct; government response, stamp duty; repossession; government response, mortgage rescue; government response, income support for mortgage interest payments; repossession of privately rented properties -- Conclusion
Report shows that the government is unlikely to meet its targets for house building set in 2007 - partially as a result of the credit crunch. Suggests that the targets should be retained as a useful barometer of the need for new houses and advocates an increased focus on affordable housing. Discusses government responses (including the buying up of unsold new build stock) to current events and posits that the government would be wise to simplify its current offerings of affordable housing schemes. Mentions that affordability is still an issue for many, despite falls in capital values.