Is this your first time here?
An introduction to
Land Based Finance
Jam Habitat for Humanity International 2014 Limited
A USAID and Habitat for Humanity International Collaboration
Persons must register name, gender, age range (below 30, 45 -31, 60 – 46, above 60) agency/community, country,
According to the Global Land Tenure network:
- Land-based financing (LBF): a collective name given to tools by which local governments could expand their revenue base and generate funds that will help them realize their service delivery, infrastructure development and maintenance goals.
- The attraction of land as a source of local revenue is obvious. Land is immobile and taxes and fees tied to land cannot be avoided by relocating to another place.
- The land-based financing tool is premised on the fact that urban land is a key factor of production and an important source of financing for urban development, including infrastructure, social housing and basic services.
ABOUT THE COURSE:
- National infrastructure development of small to medium states have always been stemmed by competing priorities and limited funding. Land Based Financing (LBF) is a route to overcome this hurdle by adequate creation and capture of land value using appropriate tools to accomplish the desired outcome.
- Prof. Yu-Hung Hong – MIT STL: Land-based financing (LBF) is an option for governments to generate revenues from private land by sharing the gains accrued in land value through public or private actions with the land owners. Typically, governments focus on development of technology and capital. The potential of land value for development finance as well as equity is not exploited.
WHO SHOULD PARTICIPATE?
- Small to medium states like Jamaica face ever expanding urban informal sprawls as more persons migrate to cities seeking economic improvement. This urban spread places added pressure on municipalities and central governments to deal with the spin off associated with overcrowding and unplanned neighbourhood expansion: health implications, crime, increased vulnerabilities associated with climate change and potential disasters that will surely occur, if these situations continue unchecked. Therefore, it is beneficial to all agencies and communities that are impacted by this type of urbanization. Such agencies would include municipalities, urban planners, state agencies involved in planning, conflict management and mediation groups, safety and security agencies, community-based organizations, disaster planning actors etc. and of course the residents of communities that are themselves experiencing this situation. This course once completed would benefit the recipient, having been exposed to understanding how to manipulate the urban informal dynamics through upgrade and enhancement using the LBF logic.
WHAT IS THE EXPERTISE AND AUTHORITY OF PRESENTING THIS COURSE?
- While the concept of LBF is not very common in small and medium states, aspects of the concept have always been a part of the governance structure. Habitat for Humanity has been sharing experiences of LBF among its over 70 counties where it has presence and continues to build understanding on this subject to better include informal communities into the discussions and decision-making process that would result in the safety and security of its residence.
Structure of the course:
- Lesson 1: The concept of land value creation.
- Increasing land revenue and boosting development.
- Lesson 2: The concept of land value capture.
- Collection methods of value created.
- Lesson 3: The range of tools of land value capture
- Taxation, Exactions.
- Lesson 4: The application of land value tools to land regularization
- Long term security, access and services