Cih Level 3 Assignment 4
Mark Cooper
CIH Level 3
March 2013
Assignment 3
Report on Provisions of Affordable Housing
Contents: 1. Aim 2. Housing 3. Housing Deprivation 4. Urban Policy 5. Stock by Tenure 6. LGA Housing Stock 7. Right to Buy Entitlement 8. Community Stability & Regeneration 9. Accessibility of Affordable Housing 10. Accessing Affordable Housing 11. Conclusion
Information Report: Economic Factors Affecting Policy and Provision of Affordable Housing
Mark Cooper
25th March 2013
1.Aim:
This report aims to examine and show how economic factors and housing policy have affected provision of affordable housing in Dundee from mid 1900’s to present day. It will show evolution of provision, regeneration, accessibility to affordable housing and social exclusions affecting neighbourhoods and communities within the City of Dundee.
2.Housing
Housing policy is usually analysed in economic terms, as a form of market. In theory, markets lead to efficient allocation through a complex process of matching supply and demand. This depends on competition, good information, the existence of multiple suppliers and the existence of multiple purchasers. In housing, this theory has limited application. * Market Closure. Housing production and finance are dominated by a few major players. * The Impact of Space. Location is acutely important in the housing market; there cannot, because of it, be perfect information and full and free competition. * Externalities. Housing both affects the environment and is affected by it. * Credit allocation. The housing market is paid for mainly by borrowing, which has to be based on predictions of future value. * Uncertainty. Because the future is uncertain, so is the housing market. Regulation and intervention are important to reduce uncertainty. * Market Volatility. Prices are dominated by a limited part of the market - those who are buying and selling property
CIH Level 3
March 2013
Assignment 3
Report on Provisions of Affordable Housing
Contents: 1. Aim 2. Housing 3. Housing Deprivation 4. Urban Policy 5. Stock by Tenure 6. LGA Housing Stock 7. Right to Buy Entitlement 8. Community Stability & Regeneration 9. Accessibility of Affordable Housing 10. Accessing Affordable Housing 11. Conclusion
Information Report: Economic Factors Affecting Policy and Provision of Affordable Housing
Mark Cooper
25th March 2013
1.Aim:
This report aims to examine and show how economic factors and housing policy have affected provision of affordable housing in Dundee from mid 1900’s to present day. It will show evolution of provision, regeneration, accessibility to affordable housing and social exclusions affecting neighbourhoods and communities within the City of Dundee.
2.Housing
Housing policy is usually analysed in economic terms, as a form of market. In theory, markets lead to efficient allocation through a complex process of matching supply and demand. This depends on competition, good information, the existence of multiple suppliers and the existence of multiple purchasers. In housing, this theory has limited application. * Market Closure. Housing production and finance are dominated by a few major players. * The Impact of Space. Location is acutely important in the housing market; there cannot, because of it, be perfect information and full and free competition. * Externalities. Housing both affects the environment and is affected by it. * Credit allocation. The housing market is paid for mainly by borrowing, which has to be based on predictions of future value. * Uncertainty. Because the future is uncertain, so is the housing market. Regulation and intervention are important to reduce uncertainty. * Market Volatility. Prices are dominated by a limited part of the market - those who are buying and selling property