Planning gain : providing infrastructure and affordable housing /

This critical examination of the development and implementation of planning gain is timely given recent changes to the economic and policy environment. The book looks both at the British context as well as experience in other developed economies and takes stock of how the policy has evolved. It exam...

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Bibliographic Details
Other Authors: Crook, Tony, 1944- (Editor), Henneberry, John (Editor), Whitehead, Christine M. E (Editor), Whitehead, Christine M. E. (Editor)
Format: Book
Language:English
Published: Chichester, West Sussex, United Kingdom : John Wiley & Sons, Ltd, 2016
Series:Real estate issues (Oxford, England)
Subjects:
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245 0 0 |a Planning gain :  |b providing infrastructure and affordable housing /  |c edited by Tony Crook, John Henneberry, Christine Whitehead 
264 1 |a Chichester, West Sussex, United Kingdom :  |b John Wiley & Sons, Ltd,  |c 2016 
264 4 |c ©2016 
300 |a xxiii, 301 pages ;  |c 26 cm 
336 |a text  |b txt  |2 rdacontent 
337 |a unmediated  |b n  |2 rdamedia 
338 |a volume  |b nc  |2 rdacarrier 
490 1 |a Real Estate Issues 
500 |a This WorldCat-derived record is shareable under Open Data Commons ODC-BY, with attribution to OCLC  |5 CTY 
504 |a Includes bibliographical references and index 
505 0 0 |g 1  |t Introduction /   |r Tony Crook  |g Crook, Tony, John Henneberry  |g Henneberry, John, Christine Whitehead  |g Whitehead, Christine  |g 1 --  |t Purpose of the book  |g 1 --  |t The development process and the creation of development value  |g 2 --  |t The taxation of development value  |g 4 --  |t Factors affecting effective development value capture  |g 6 --  |t Property rights and ownership  |g 7 --  |t The need for finance  |g 8 --  |t The ownership of development rights  |g 9 --  |t Taxing value or raising charges  |g 9 --  |t Rules versus discretion?  |g 9 --  |t Fixed taxes, tariffs and negotiated contributions  |g 10 --  |t Hypothecation and contract  |g 11 --  |t Key factors behind the development of planning gain policy in England  |g 11 --  |t Political economy  |g 12 --  |t The planning system 12 Central-local relations: Local discretion, innovation and adoption  |g 14 --  |t Definitions  |g 15 --  |t The structure of the book  |g 16 --  |g 2  |t The Economics of Development Value and Planning Gain /   |r Christine Whitehead  |g Whitehead, Christine  |g 20 --  |t Introduction  |g 20 --  |t Why is land and its value special?  |g 21 --  |t The potential to tax increasing land values without generating inefficiency  |g 22 --  |t The impact of planning on development values - the creation of planning gain  |g 25 --  |t How are these values achieved?  |g 25 --  |t Planning affects land supply  |g 26 --  |t Planning affects demand  |g 27 --  |t Planning affects density of construction and use  |g 28 --  |t Planning affects prices and quantities  |g 29 --  |t Bringing together the possibilities  |g 29 --  |t Instruments available to capture planning gain  |g 32 --  |t Overview  |g 34 --  |g 3  |t Capturing Development Value Through de jure National Taxation: The English Experience /   |r Tony Crook  |g Crook, Tony  |g 37 --  |t Introduction  |g 37 --  |t Betterment and development value defined  |g 39 --  |t Compensation and betterment: the Uthwatt principles  |g 43 --  |t Taxing development value: post-war national schemes  |g 46 --  |t 1947: The development charge and the central land tribunal  |g 48 --  |t 1967: Betterment levy and land commission  |g 51 --  |t 1974, 1975 and 1976: Development Gains Tax, the Community Land Scheme and Development Land Tax  |g 54 --  |t Lessons learned  |g 59 --  |g 4  |t Planning Obligations Policy in England: de facto Taxation of Development Value /   |r Tony Crook  |g Crook, Tony  |g 63 --  |t Introduction  |g 63 --  |t Planning obligations: the key principles 65 Using planning obligations to secure land and funding for affordable housing  |g 74 --  |t The overall framework  |g 74 --  |t Detailed requirements  |g 79 --  |t Recent policy initiatives  |g 83 --  |t Tariffs  |g 85 --  |t Optional planning charge  |g 86 --  |t Planning gain supplement  |g 88 --  |t Community infrastructure levy  |g 93 --  |t Changes to CIL and new LPA incentives  |g 97 --  |t Viability and S106  |g 99 --  |t CIL policy: concluding comments  |g 100 --  |t Conclusions  |g 101 --  |g 5  |t Development Viability /   |r John Henneberry  |g Henneberry, John  |g 115 --  |t Introduction  |g 115 --  |t Development viability  |g 117 --  |t Threshold land value  |g 120 --  |t Development appraisal  |g 121 --  |t Property development within the wider property market  |g 121 --  |t Development appraisal  |g 123 --  |t Estimating the residual value of a residential development site  |g 124 --  |t Assessing the impact of planning obligations and developer's contributions on the viability of development proposals  |g 130 --  |t Accounting for spatial and temporal variations in the development market  |g 133 --  |t Conclusion: addressing the viability dilemma?  |g 136 --  |g 6  |t The Incidence and Value of Planning Obligations /   |r Steven Rowley  |g Rowley, Steven, Tony Crook  |g Crook, Tony  |g 140 --  |t Introduction  |g 140 --  |t The growth of obligations  |g 140 --  |t Methods for measuring the incidence and calculating the value of planning obligations in England  |g 145 --  |t The number of obligations in England  |g 151 --  |t Affordable housing obligations in England  |g 155 --  |t The total value of planning obligations agreed in England  |g 160 --  |t Planning obligations in Scotland and Wales  |g 162 --  |t Rural exceptions schemes  |g 163 --  |t Who pays for the obligations?  |g 164 --  |t Conclusions  |g 171 --  |g 7  |t Spatial Variation in the Incidence and Value of Planning Obligations /   |r Richard Dunning  |g Dunning, Richard, Ed Ferrari  |g Ferrari, Ed, Craig Watkins  |g Watkins, Craig  |g 175 --  |t Introduction  |g 175 --  |t Defining and disseminating good practice in planning obligations  |g 177 --  |t Review of earlier evidence  |g 177 --  |t Good practice research and advice  |g 178 --  |t Implications of evidence and good practice guides  |g 184 --  |t A note on Scotland and Wales  |g 185 --  |t Regional variations in the value of planning obligations  |g 185 --  |t Quantitative analysis of the drivers of the incidence and value of planning obligations  |g 187 --  |t Qualitative explanations for spatial variations in planning obligations  |g 192 --  |t The changing practice context  |g 192 --  |t Stretching the 'rational nexus'  |g 195 --  |t Delivery  |g 196 --  |t Conclusions  |g 197 --  |g 8  |t Delivering Planning Obligations - Are Agreements Successfully Delivered? /   |r Gemma Burgess  |g Burgess, Gemma, Saiah Monk  |g Monk, Saiah  |g 201 --  |t Introduction  |g 201 --  |t Why consider delivery of planning obligations?  |g 202 --  |t Types of planning obligations  |g 203 --  |t Case-study evidence of successful delivery of planning obligations  |g 204 --  |t Quantitative evidence on the delivery of obligations  |g 207 --  |t The factors affecting the delivery of affordable housing obligations  |g 210 --  |t Trends in the delivery of affordable housing  |g 211 --  |t The impact of the economic downturn on delivery  |g 216 --  |t Implementing the community infrastructure levy  |g 220 --  |t Conclusions  |g 224 --  |g 9  |t International Experience /   |r Sarah Monk  |g Monk, Sarah, Tony Crook  |g Crook, Tony  |g 227 --  |t Introduction: making comparisons and transferring experience  |g 227 --  |t Australia  |g 231 --  |t Planning policy, planning legislation and its administration  |g 231 --  |t Developer contributions to infrastructure  |g 233 --  |t Developer contributions to affordable housing  |g 236 --  |t Germany  |g 239 --  |t Planning authorities and the planning system  |g 239 --  |t Special mechanisms for controlling growth  |g 241 --  |t Land readjustment  |g 242 --  |t Provision of housing and related infrastructure  |g 243 --  |t The Netherlands  |g 244 --  |t Planning institutions and planning policies  |g 244 --  |t Changing housing policies  |g 247 --  |t Providing land and related infrastructure  |g 248 --  |t United States  |g 250 --  |t The constitution, planning and its administration  |g 250 --  |t Developer contributions to infrastructure: impact fees  |g 252 --  |t The impact of fees on prices and land values  |g 255 --  |t Developer contributions to affordable housing: inclusionary zoning and linkage fees  |g 256 --  |t Linkage fees  |g 258 --  |t Summary and conclusions: comparing the English and international experience  |g 258 --  |g 10  |t Summary and Conclusions /   |r Tony Crook  |g Crook, Tony, John Henneberry  |g Henneberry, John, Christine Whitehead  |g Whitehead, Christine  |g 269 --  |t Introduction  |g 269 --  |t Policies for capturing development value  |g 270 --  |t National approaches  |g 270 --  |t Locally based approaches  |g 271 --  |t International experience  |g 274 --  |t Overview  |g 275 --  |t The economics of planning obligations  |g 276 --  |t The sources and measurement of value  |g 276 --  |t The complexities in assessing development gain  |g 277 --  |t Planning constraints  |g 279 --  |t Approaches to capturing gains  |g 280 --  |t The financial aspects of planning obligations  |g 281 --  |t Conclusions  |g 285 --  |t Looking forward: England  |g 286 --  |t Looking forward: international experience  |g 288 
520 |a This critical examination of the development and implementation of planning gain is timely given recent changes to the economic and policy environment. The book looks both at the British context as well as experience in other developed economies and takes stock of how the policy has evolved. It examines the rationale for planning gain, how it has delivered substantial funds for infrastructure and affordable housing and, in the light of this, how it might continue to play a role in the funding of these. It also draws on overseas experience, for example on impact fees and public sector land assembly. It looks at lessons from the past for future policy, both for Britain and for countries overseas. Planning Gain: providing infrastructure & affordable housing has a strong theoretical and policy analysis focus. It addresses development values from a micro economics perspective; property development from the perspective of financial structures; betterment taxation and negotiated planning gain from principles of public finance and taxation and their links with the planning system; professional challenges in the use of planning gain; and the innovation, adoption and adaptation of planning gain at the local level from perspectives of discretionary policy and negotiating practice. It shows how negotiated planning gain has been a successful de facto betterment tax compared with earlier de jure attempts in Britain to tax development value through national taxation. Mechanisms to tap development value are also a global phenomenon in developed market economies - whether through formal taxation or negotiated contributions. As fiscal austerity becomes an increasingly challenging issue, 'planning gain' has grown in importance as a potential source of funding for infrastructure and new affordable housing, with many countries keen to examine, learn from, and adapt the experience of others. Book jacket 
650 0 |a City planning  |z Great Britain 
650 0 |a Housing development  |z Great Britain 
650 0 |a Land use  |z Great Britain  |x Planning 
650 0 |a Real estate development  |z Great Britain 
650 7 |a City planning  |2 fast 
650 7 |a Housing development  |2 fast 
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650 7 |a Planning  |2 fast 
650 7 |a Real estate development  |2 fast 
651 7 |a Great Britain  |2 fast 
700 1 |a Crook, Tony,  |d 1944-  |e editor  |0 http://viaf.org/viaf/40801207 
700 1 |a Crook, Tony,  |d 1944-  |e editor 
700 1 |a Henneberry, John,  |e editor  |0 http://viaf.org/viaf/34130777 
700 1 |a Henneberry, John,  |e editor 
700 1 |a Whitehead, Christine M. E  |e editor.  |0 http://viaf.org/viaf/6718167025412253390003 
700 1 |a Whitehead, Christine M. E.,  |e editor 
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