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<p> </p><p>In disposing of its assets the Homes and Communities Agency is guided by
value for money principles; disposals are expected to be at market value for land
and other assets in order to protect public investment. The Homes and Communities
Agency are open to considering proposals for joint working that will promote development,
economic activity and growth.</p><p>These assets were bought by the national taxpayer
and therefore the receipts are deployed nationally. Receipts are reinvested to help
finance other Government housing and regeneration programmes, as well as fund a range
of historic legal commitments and liabilities on land inherited by the Homes and Communities
Agency from other bodies (including the liabilities left by the former Regional Development
Agencies).</p><p>I would add that neither combined authorities or Local Enterprise
Partnerships have responsibility for housing; we should avoid ‘function creep' which
would dilute their focus and/or centralise and take power away from local councils
(both as local housing authorities and as local planning authorities).</p><p> </p><p>
</p><p> </p><p> </p><p> </p>
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