Let's turn the £1m plus cost of student council tax exemptions in Broxtowe to the advantage of everyone by putting £2m annually into housing for young people in Broxtowe

Reading my headline you may think that I have gone mad but hear me out. 

The first thing to say is what I'm proposing will mean landlords paying council tax at 100% on presently council tax exempt student properties. This would bring in c.£1m — a sum already paid by existing council tax payers to cover the shortfall. That money would continue to be collected as a young persons' housing precept, which added to the £1m from landlords, would create an annual income of c.£2m towards housing located in Broxtowe Borough for young people (who would have family/work links and students).

Rent charges suggest that landlords, for the most part, do not share their council tax exemption with their tenants. It is money most of them pocket (this claim is based on looking at weekly rent charges on Zoopla  and Rightmove websites today - £81pw for a room in a student let; £156pw for a 3 bed family semi is just one example - a student let would probably be at least 4 beds and, potentially, double the income from the house remaining a family let). ALL landlords should have to give every tenant an annual statement of what they do with the rent they charge: where the rent goes; the amount of any mortgage and the repayment terms; maintenance costs, repairs etc.

This annual £2m pot would help cover the loan costs of capital borrowed to build suitable housing for young people located throughout the Borough of Broxtowe. The housing would be managed by a housing co-op much like that already envisaged by students.

It is a win-win situation for everyone. Family housing can be protected by planning from landlords, who buy to let and, in the process, drive up prices. Older residents benefit because streets keep families and neighbourhoods are more balanced than they might otherwise be. Young people and students get purpose built housing which they manage as a co-op and it can take account of housing needs across Broxtowe Borough, not just in Beeston.

To those who say I’m living in Cloud Cuckoo Land, I would point out that change has to start somewhere so why not Broxtowe? and if there can be council precepts for business (ie. Beeston), town councils and parishes why not housing? Money ring fenced, as this money would be, would, I believe, attract support from across the whole community.

Initially, there would be lost council tax, but the council tax being paid by other previous exempt groups would cover this and within two years maximum the council would begin to receive additional council tax income from the new houses being occupied by young Broxtowe residents and students. The idea not only builds homes for young people but generates council tax income.

I can hear other voices saying you'll have to change the law to remove some of the council tax exemptions. With an existing high-profile MP and Greg Marshall in the wings waiting to take over, both have the skills and nous to persuade central government to make an exception of Broxtowe on a pilot basis — this kind of thing happens all the time. It could even be done by Parliamentary Bill.

Having spent 21 years of my life as a supported housing manager, preparing budgets and development briefs, I know what I’m proposing is viable, manageable, and something which can help resolve in some small part the housing need which exists in Beeston and across Broxtowe.

If you think my idea is rubbish then I challenge to come with a better, more affordable, viable solution and share it.