Publisher's Synopsis
Demand for low cost homes is very strong in high value areas and with house prices rising in many areas, problems are growing for those on average incomes and below. Subsidies to selected purchasers will only displace problems if there is no corresponding increase in the supply of low cost housing.;This report - based on the findings of a Joseph Rowntree Foundation Task Force which looked at publicly-subsidised low cost home ownership projects - draws on submissions to the government's Housing Green Paper, together with evidence from consumers, planners, academics, local authorities, trade organisations and representatives of the DTLR and Housing Corporation. It outlines the benefits of low cost home ownership initiatives, not only in relation to increased housing supply, but also in encouraging more inclusive, mixed income communities. The report suggests that local authority decision-makers should take a more strategic approach when allocating resources for new housing and argues that current low cost home ownership arrangements could be improved by a more creative use of the "Homebuy" model.
