Technically yes, but Homes for Lambeth will be set up to safeguard the council’s long term commitment to prioritising the needs of Lambeth’s communities.
In addition to this the council will require that any proposed sale of part, or all of Homes for Lambeth (and any of its companies) be subject to a ‘triple lock’ of approvals:
- A unanimous vote of full Cabinet; and,
- A two-thirds vote of approval full Council; and,
- A unanimous agreement of the Homes for Lambeth Board.
Homes for Lambeth will be required to take on the commitments made by the council through the Key Guarantees.
Does this answer your questions? If not get in touch