Housed within so-called New Development Corporations, the various organisations would see local authorities acting as lead developers within the Housing Growth Areas, with a clear mandate to deliver new homes.
Among the proposed reforms, the Lyons report suggests giving powers to encourage both public and private landowners to invest their land. The cost of associated infrastructure should be funded by the value created by the development they support, the report adds.
It remains unclear how these new corporations will raise the money needed for new homes, with the potential for them to work as joint ventures with the public sector providing the land and the private partners matching the value of that land with cash.
Shadow Chancellor Ed Balls has said a Labour government would not fund new housing through new borrowing, saying the party will look to increase the priority for housing within the overall capital settlement.
Welcoming the Lyons report, Miliband said: “Only Labour has a plan to build the homes that our country, our local communities and our families need.”
To read the full report, click here.