Section: Housing Finance
New Bids for Decent Homes Funding
The Government announced that 38 local authorities have bid in one of three
programmes for attracting additional resources to help meet the Decent Homes targets:
- Transferring the housing stock (LSVT)
to a non-profit making housing association.
- Creating an arms length management organisation (ALMO).
- The private finance
initiative.
The applications cover around 160,000 homes urgently needing improvements. The Government's declared target is to
bring all social housing into a decent condition by 2010.
The local authorities' bids are:
LSVT or
ALMO
- Aylesbury Vale
- Brent
- Cannock
Chase
- Chorley
- Derwentside
- Doncaster City
- Gloucester City
- Hackney
- Islington
- Lambeth
- Lewisham
- Liverpool
- Newham
- North
Lincolnshire
- Pendle
- Sheffield
- Southend
- South Tyneside
- Stockport
- Waltham
Forest
- Wear Valley
HRA PFI
- Leeds
- Lewisham (also LSVT)
- Manchester
- Rossendale
- Salford
- Sefton
- Selby
- South
Gloucestershire
- Oldham
- Shefffield (also LSVT)
- Taunton Deane BC
- Tower
Hamlets
- Waveney
- Waverley
NON-HRA
PFI
- Birmingham
- Guildford
- Medway
- Weymouth and
Portland
- Woking
Some of the above are partial stock bids.
New Lending
- Abbey
National:
- Ocean Housing: An increased loan facility of £12 million to £67 million.
- Barclays
Bank:
- Beth Johnson HG: An additional facility of £15 million (bringing the total borrowing to £25 million), to support
a 1,500 home development programme over the next four to five years.
- EastEnd Homes: £20 million to support the transfer of 1,650
homes from Tower Hamlets Council (Mile End Estate).
- Trafford HT: £90 million to fund the transfer of 9,500 homes from Trafford
Council.
- Bradford & Bingley:
- De Montfort HS: An increased facility from £6.3 million to £13.8
million, to support new development.
