Tag Archives: cllr jayne mccoy

LibLink: Cllr Jayne McCoy: Council intervention drives housing market

Cllr Jayne McCoy chairs the London Borough of Sutton’s Housing, Economy and Business Committee. She has written for the Local Government Association’s First magazine about how Sutton Council have set up a development company to build the right sorts of houses at the prices key workers can afford:

In Sutton we have seen numerous private developments of one bedroom flats, however what we need are two and three bedroom family homes. We also see both the private for sale and private rented sector out of the price range of most of our residents.

In response we have sought to take control and lead the delivery of housing ourselves by setting up a council-owned development company. This will allow us to take advantage of preferential borrowing rates to invest in the housing market across all tenures.

The development company gives the council the flexibility to build homes for private ownership, private rent or to build council houses in the traditional sense. The company will also seek to unlock sites where development has stalled.

Posted in LibLink | Also tagged and | 14 Comments
Advert



Recent Comments

  • User AvatarThomas 15th Oct - 5:40am
    Richard Easter, Arnold Kiel - I agree with the renationalization of various public services including prison, security and public transport. But the Libdem can differentiate...
  • User AvatarRichard Easter 14th Oct - 11:44pm
    As Peter Hitchens said - hardly anyone would consider privatising the navy a good idea, so the idea that some things are best provided by...
  • User AvatarNigel Jones 14th Oct - 11:04pm
    Our Chief executives tend to be in the background as far as ordinary members are concerned. I hop Mike will engage with us about how...
  • User AvatarPeter Martin 14th Oct - 10:33pm
    @ Richard Underhill, "Do you agree that the Bank of England and its euro equivalent have been printing money on a large scale? (although printed...
  • User AvatarPeter Martin 14th Oct - 10:17pm
    Dennis Wake, Is money simply a tax voucher? Think about it. If the Govt were to print slips of paper with the words "This is...
  • User AvatarIan Martin 14th Oct - 10:16pm
    Arnold Kiel " liberty, equality and community. No private enterprise is interested in any of them". The Scott Bader Commonwealth for one.