(1) Ownership first – Britain doesn’t just need more homes, it also needs better, more affordable homes. A building boom that sucks in cheap money looking for a quick return will not deliver affordability. We must therefore freeze out the property speculators with an ownership first condition on the development of new housing. Councils would be given the power to reserve the sale of new homes to those intending to live in them.
(2) New Garden Cities for the 21st century – The piecemeal approach to building new homes has failed. We need a vision for the development of strategically located areas like the Thames Estuary. Therefore we propose the creation of Garden City Corporations, empowered to clear the obstacles to large-scale regeneration. Existing residents would have a direct financial stake through the allocation of shares in each corporation – and the closer the impact of new development, the more shares they’d get.