Mark Whitehead 13 November 2019

Council closes property company to focus on building 300 new homes

Council closes property company to focus on building 300 new homes  image

An arms-length local authority property company is to be wound up when its first project has been completed in the New Year.

Instead Mansfield District Council will focus on plans to build 300 affordable homes for rent and shared ownership.

Mansfield Homes Ltd was set up five years ago to build more than 200 homes to sell on the open market and generate income to help meet housing needs in the district.

The company was lent £8.8m by the council to fund its first project to build 23 'executive homes' with prices starting at £415,000.

But the district's 'executive mayor' Andy Abrahams has now decided the company will cease trading when the project has been completed and the loan and any profits repaid to the council.

Jill Finnesey, the council's head of housing, said: 'The focus of the council is currently to concentrate on providing more affordable housing with the announcement of plans to build 300 council homes for rent and shared ownership over the next four years.'

SIGN UP
For your free daily news bulletin
Highways jobs

Service Manager - Children in Care

Pembrokeshire County Council
£46,514 - £48,412
The successful candidate will need to be able to manage a large number of competing and at times conflicting priorities, whilst... Pembrokeshire (Sir Benfro)
Recuriter: Pembrokeshire County Council

Neighbourhood Services Divisional Manager

Northumberland County Council
£60,253
You will provide professional and technical advice on all Neighbourhood Services functions. As an effective leader you will coordinate and manage... Northumberland
Recuriter: Northumberland County Council

Associate Educational Psychologist

Essex County Council
Negotiable
Essex County Council (ECC) is one of the largest and most dynamic local authorities in the UK, serving a population of 2 million residents, and has a England, Essex, Chelmsford
Recuriter: Essex County Council

Chief People Officer

Haringey London Borough Council
Up to £115k
It’s a broad and exciting role where you’ll have the chance to tackle complex, wide-scale change. Haringey, London (Greater)
Recuriter: Haringey London Borough Council

Social Work Assistant – Multi Agency Safeguarding Hub (MASH)

London Borough of Richmond upon Thames and London Borough of Wandsworth
£22,377 - £23,607 per annum
As a Social Work Assistant you will be involved in contributing to assessments of children and their families, providing support and guidance to... Bexleyheath, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Public Property

Latest issue - Public Property News

This issue of Public Property examines how public sector organisations can unlock the hidden value in their land, and why a new approach to construction could help boost the outcomes of the Government’s One Public Estate programme.

The December issue also considers why learnings from ancient cities could provide the key to promoting wellbeing in the modern built environment. It also contains a case study on how the London Borough of Westminster has provided high quality care for the elderly alongside a block of luxury apartments.

Register for your free digital issue