Section: Housing Provision

Swale council proposes new housing company

Posted 29.10.20
Swale BCl: Further reading

Swale Borough Council is proposing to set up a housing company to help deliver affordable homes for local people.

A report to its cabinet proposes setting up a local housing company to increase the supply of affordable homes in the borough, without placing a financial burden on the council.

The report proposes that council-owned land would be transferred to the company to provide around 139 new properties, in exchange for an equity share in the company.

Ben J Martin, cabinet member for housing at the council, said:

"The prospect of setting up of a housing company is a key indicator of the high priority we place on delivering decent affordable housing residents need.

"It would also give us control of the density, location, environmental standards and management of any scheme, so we won't be at the mercy of developers trying to maximise profit.

"By owning equity shares in the company, we can get an income stream on assets that should go up in value over time, which reduces the financial risk to the council.

*****

Recent Headlines

Headlines in this section last month:

*****

Return to this month's headlines

KeyFacts


Keep up-to-date with issues affecting the social and affordable housing sectors


News and views reported in summary format, with links for further reading


Recognisable sub-sections for easy access - now and at a future date


An essential free resource for anyone with a busy daily schedule


Edited by Mike Skilton



Enter your email address to receive our e-newsletters advising on updates to KeyFacts

We will not share your email address with others or use it for any other purpose


CLICK ON THE SECTIONS BELOW FOR ALL OF THIS MONTH'S NEWS POSTS

Reporting on October 2020

Site Sections

Bookmark and Share

Current Issue