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  3. Is the Council going to own 'Homes for Lambeth'? Under what conditions and subject to what constraints would the Council allow other investors to take an interest in Homes for Lambeth?

Is the Council going to own 'Homes for Lambeth'?

Under what conditions and subject to what constraints would the Council allow other investors to take an interest in Homes for Lambeth?

Answer
Posted by Paul Simpson 295sc on October 01, 2015

The Council will own all the shares in Homes for Lambeth. There will, however, be the potential for Homes for Lambeth to create subsidiary companies. These could be joint ventures in which the equity could be shared with a third party.  The Council would consider doing this so, for example, we can use Right to Buy Receipts to build more and better homes.


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The estate regeneration programme is part of the councils drive to build Better Homes. You can find our more at: Lambeth.gov.uk/betterhomes

 

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