Julia Unwin, Chief Executive of JRF, said: "There is a desperate need to protect the most vulnerable households from the devastating consequences of extreme fluctuation in the market. Though the scale of the current economic turmoil and its global nature is unprecedented, there are similarities with past downturns and it is obvious there has been a failure in policy and practice.
"There is no better time to grapple with the fundamental questions surrounding our housing market model. Have we over-promoted home ownership? Are there credible alternatives in the rented sectors? What is an acceptable level of consumer risk? It is vital that we establish a long-term vision for the housing market that is both sustainable and just."
JRF is a leader in social research and benefits from a wealth of existing evidence in this field. It is in a unique position to conduct this research because of its practical experience, through the Joseph Rowntree Housing Trust, of running and managing housing developments.
The Taskforce will deliver its recommendations in 2010.
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