Report set to recommend public sector land push
Thu 26th July 2012, 9:13 am
A government task force has recommended 'lending' developers public sector land, and free them from building affordable homes in private rented schemes, according to a report.
The Guardian said that the recommendations were expected in the report on how to boost the private rental sector, led by Sir Adrian Montague.
Under the changes, the government and local authorities would give land to developers or housing associations, with repayment made when developments are sold to institutions such as pension funds.
It is believed that pension funds would be more likely to get involved in private rented schemes if they were not involved with development risks.