How to housebuild co-operatively By Steve Bendle, director of Community Land and Finance We have another house price bubble, driven by shortage. Whereas in 1981 there were 5.6 million council and housing association homes, in 2011 there were 4 million. Meanwhile the UK population grew by 6 million. Price rises are also driven by the ready income and capital growth available from buy-to-let which drives the housing benefit bill ever upwards. The scale of these problems demands major change. The present system enhances values for landowners and developers at the expense of the wider community: planning designation may increase the value of land twenty-fold the government puts redundant NHS hospitals or former Ministry of Defence sites on the open market. Developers aim to offer the most by minimising the proportion of affordable homes, infrastructure payments and avoiding workspace or employment provision. government funds new transport infrastructure. It is a sure … (To read the full article, subscribe below)