A proposed land levy in the UK that is intended to raise funding for local governments has been shown in recent reports to fail to increase the amount of money trickling down to local municipalities.
Planning-gain Supplement, a plan to generate money for local authorities by taxing newly approved developments, has been shown in recent reports to hinder development and therefore decrease funding to local authorities.
"PGS is a levy designed to capture part of the increase in land value that comes from planning permission being granted for a development."
"It has been found that PGS is likely to reduce the supply of smaller development sites as it would render some of these financially unviable, and it seems to deliver the increased funding for investment in infrastructure to support housing growth."
FULL STORY: Proposed Planning-gain Supplement may hinder new developments claims report
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San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
San Diego Votes to Rein in “Towering” ADUs
City council voted to limit the number of units in accessory buildings to six — after confronting backyard developments of up to 100 units behind a single family home.
Texas Legislature’s Surprising Pro-Housing Swing
Smaller homes on smaller lots, office to apartment conversions, and 40% less say for NIMBYs, vote state lawmakers.
Even Edmonton Wants Single Staircase Buildings
Canada's second most affordable major city joins those angling to nix the requirement for two staircases in multi-family buildings.
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