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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 267sc 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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For general enquires, please visit lambeth.gov.uk and for matters relating to Housing Management please visit housingmanagement.lambeth.gov.uk

Faced with a lack of money for refurbishment and a serious shortage of genuinely affordable homes, the Lambeth Council is taking a lead in bold, but necessary, decisions like estate regeneration to build better homes for our existing tenants and more homes for the wider community - find our more. 

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