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The Prime Minister announced .... $6 billion in funding with $1 billion allocated to municipalities for "urgent infrastructure needs,” the other $5B allocated to provinces, but only if they commit to multiplex zoning and freeze development charges for the next three years. While this seems like a good idea, its confusing as well. In August 2023 the Prime Minister said 'Housing is NOT a Federal issue." We would really like to hear your POV. #DorrCapital #investinRealAlt #commercialmortgages #commercialrealestate #CRE #passiveincomeinvesting #realestateinvestor #dividendinvesting 

This week we're sharing some thoughts from CMI's President on how infrastructure financing can positively impact housing affordability. Check out this week's edition of Housing Affordability Watch here: https://ow.ly/N5H750QxT5n #housingaffordability #housingaffordabilitywatch #housinginsights

In case you missed it, Geoff Cooper spoke with the NZH's Georgina Campbell about our infrastructure needs and how we pay for them. You can listen online here: https://lnkd.in/gfqpU_qV The interview covers a lot of ground, starting with the affordability of some of the big numbers that are spruiked around and moving on to the practical realities of how we play for infrastructure. The key point is that: "Funding only comes from three sources: users, taxpayers, or ratepayers... You can't finance a house without a revenue stream... financing is not top of the list, funding is top of the list." In turn, facing up to affordability constraints means that we need to get sharper about prioritisation and asset management. Geoff observes: "Ultimately, this is a funding question, and we do need to start with what New Zealand can afford. Our assessment, looking at historical data, is that we can afford somewhere between five to six percent of GDP. We might be able to push that a notch higher, but not too much higher. What we want is really good assets to be built, ones that are valuable, and we want our asset base to be maintained. And also, we want those assets to be really well utilised and managed appropriately."

UK Government must explain how it will build more homes following King’s Speech Propertymark is keen to see the UK Government clarify how it intends to deliver more homes following the King’s Speech. The professional body has previously argued that the new UK Government would need to build a large, new housing estate with over 1000 homes every day to hit its target of 1.5 million new homes by 2029.   During the King’s Speech yesterday, Wednesday 17 July, His Majesty said: “My ministers will get Britain building, including through planning reform, as they seek to accelerate the delivery of high-quality infrastructure and housing (Planning and Infrastructure Bill).”   Prior to the King’s Speech, the new UK Government pledged to study reform of the national planning framework, including restoring compulsory housing goals for local authorities, as part of their plan to construct 1.5 million new homes by the end of this parliament.   Propertymark has also previously called on the UK Government to redefine what the green belt is so that there can be a focused programme of building on brownfield sites first. Nathan Emerson MNAEA MARLA MNAEA(comm), CEO at Propertymark, comments:    “Pledges from the new UK Government to build 1.5 million new homes and to reform the national planning policy framework to restore compulsory housebuilding targets for local authorities are welcome, as this country desperately needs to ensure supply meets increasing demand and ultimately make home ownership more affordable.    “However, https://lnkd.in/e-f2MUn7

Municipal bonds are one area many could benefit from. This article from our firm might help explain why it might be something for you to consider.

If you are a municipality, let's dive in, when we are contemplating...DO WE RAISE RATES? Here are a few factors to CONSIDER: 1. Infrastructure Investment - Municipalities need funds to maintain and upgrade critical infrastructure -- water systems and public facilities. Raising rates can provide the necessary revenue to invest in these essential projects and ensuring the community's long-term well-being. 2. Cost of Living and Inflation - As the cost-of-living increases, so does the expenses for the local service. Raising rates helps municipalities keep up with inflation and maintain quality. Just like adjusting your household budget when prices RISE. 3. Tax Equity and Revenue Generation - Local governments rely on revenue to provide services. Adjusting rates allows municipalities to balance the need for revenue with fairness and equity. They must consider tax base, rate structure, and implementation quality. The decisions are complex and involved in balancing these factors amongst others. We do have to weigh the impact on residents, business, and overall community well-being. Is your municipality considering a water rate case to be filed with the Public Service Commission of Wisconsin? To learn more, check out the following link. Have questions, contact me or one of our R/M experts today. WE ARE YOUR ONE-STOP RESOURCE! Below is just one resource you can use to explain to your customers the WHY....behind a WATER RATE INCREASE! #ruekertmielke #waterratecases #municpalities #crc #ratesetting #revenuegeneration #waterinfrastructureimprovements #fundingmechanism

Our Head of Planning, Craig Blatchford, talks in this week’s EG about planning reform, the revised NPPF and the need for greater resourcing at all levels to deliver on this agenda for growth. “While Housing and Communities Secretary Angela Rayner has encouraged developers to match the government’s pace of reform, there are some as yet untouched areas where more attention is essential for the private sector to respond fully." "As consultation takes place over the next eight weeks and the new Planning and Infrastructure Bill comes forward, we look onwards to hearing more about resolving key issues that are currently holding up the planning system." Read the full article here: https://lnkd.in/eNbq7ban #MEPlanning #NPPF #PlanningReforms

Revenue enhancement is crucial for municipalities facing financial constraints triggered by various factors such as economic slowdown, the impact of COVID-19, strikes, and rising costs of services, assets, and commodities. To ensure sustainability within legal boundaries, strategies must focus on political support, promoting payment culture, standardizing policies and charges, and collective debt responsibility. An interdepartmental committee is vital for effective communication and coordination, addressing key aspects like billing completeness through integration with departments like Town Planning, Building Inspectorate, and Municipal Valuer. Monthly or quarterly meetings are essential for discussing service delivery, meter readings, billing accuracy, and compliance with town planning schemes. By implementing these measures, municipalities can navigate financial challenges and pave the way for a more stable and sustainable future.

🎧 | Local government is a major player in the infrastructure space - it provides local roads, water supplies and wastewater, and public transport networks. It also provides social infrastructure like parks and libraries. That's why earlier this year we published research that looked into local government financing tools for infrastructure. Alongside this work, we spoke to Te Waihanga Principal Economist Graham Campbell about how local government debt options have been used in the past and the constraints to these options. We also spoke to him about what these debt options could mean for future infrastructure projects. Listen to 'Unpacking local government debt' now: https://lnkd.in/gYiyx4iU #Infrastructure #LocalGovernment #Debt #Finance #Funding #Podcast #Listen

The Scottish Parliament recently introduced the Housing (Scotland) Bill. Whilst the Bill is still in its infancy, its purpose is to bring about long term rent controls and tenant protections to the Scottish Private rented sector. Scott Runciman Associate on our Debt Recovery team, discusses the highlights of the Bill that the Scottish government are looking to enshrine into private sector landlord/tenant legislation. Read the full article here: https://lnkd.in/eKjzTGY2 #ScottishParliament #HousingBill #RentControls #TenantProtections #PrivateRentedSector #DebtRecovery #LandlordTenantLegislation #ScottishGovernment