The Home Builders Federation has today (March 16) set out the measures it says the government must include in the forthcoming Budget in order to tackle the housing crisis and create jobs.
HBF has called for a replacement of the HomeBuy Direct shared equity scheme to help first time buyers onto the housing ladder. It has urged government to work with lenders and housebuilders to address the mortgage famine and introduce solutions such as mortgage indemnity insurance, and introduce tax incentives for a FTB deposit savings scheme.
The government should also aim to release public sector land for development, HBF said. It added that it must reduce regulatory costs which are rendering sites unviable.
“By tackling our current housing crisis, we would create 200,000 jobs a year,” commented HBF’s executive chairman Stewart Baseley. “This is a critical budget for the government if it is serious about its commitment to increase housing supply and boost the economy.”
Source: Housebuilder
See Also: Property News (6701), Home Builders Federation (10), HBF (10), HomeBuy Direct (62), Housebuilder (84)
Date Published: 16 March 2011
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