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Sharing Land Values to Build Better Places

In this month’s HSP knowledge piece, we explore the concept of land value capture. To meet the growing urban, social, and environmental challenges of the 21st century – of which affordable housing is arguably one of the most defining - it is imperative that local authorities find new or additional sources of funding. Land value capture is a policy approach that enables communities to recover (part of) the financial betterment that results from public investment or government action. It has been implemented in different ways around Europe, yet according to the OECD, there is little comparative research and documentation on how it is being used and where. In this piece, Dr. Nicholas Falk delve