Hiba Mahamadi 23 January 2018

Lambeth to lend £300m to new housing company

Lambeth to lend £300m to new housing company image

Lambeth LBC will lend at least £300m to its new housing company over the next five years to kickstart an ambitious plan.

The company, Homes for Lambeth (HfL), plans to build more than 2,000 new homes and replace 1,300 poor quality ones over the next decade.

A report to senior councillors last night read: ‘The establishment of HfL will enable the council to build more genuinely affordable homes than would be achieved by partnering with other developers or housing associations.

‘The surpluses (such as 20% profit) that would otherwise be extracted by the private sector can be recycled by HfL back into delivering more affordable homes.’

Lambeth wants to use the company to tackle rising homelessness, amid house prices rising by 47% and private rents by 27% in the borough over the last few years.

The report added that because the council will be the only shareholder there will be ‘ongoing democratic oversight’.

Highways jobs

Director of Integrated Transport

Liverpool City Region
Salary up to £124,848
The Liverpool City Region Combined Authority is embarking on a search for an exceptional individual with the passion to deliver on our vision Liverpool, Merseyside
Recuriter: Liverpool City Region

Educational Psychologist

London Borough of Richmond upon Thames and London Borough of Wandsworth
Competitive
Are you looking to join a creative, friendly and supportive multi-disciplinary team? Richmond upon Thames, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Corporate Director, Resources

Buckinghamshire Council
circa c. £150,000
This is a once in a lifetime opportunity for an exceptional individual to help to shape the future of Buckinghamshire Buckinghamshire
Recuriter: Buckinghamshire Council

Assistant Director, Assets

Sutton London Borough Council
Up to £104,514 per annum
The role will lead on ensuring that our assets support the delivery of the Council's priorities. This will range from... Sutton, London (Greater)
Recuriter: Sutton London Borough Council

Principal Finance Officer

Redbridge London Borough Council
£42,684 and £45,585
You will work closely with the Financial Strategy Manager and have regular contact with the wider finance team Redbridge, London (Greater)
Recuriter: Redbridge London Borough Council

Local Government News

Latest issue - Local Goverrnemnt News

The June issue of Local Government News contains the full details of all the winning schemes in the 2019 Street Design Awards. From Children's Play to Pedestrian Environment, find out who has been recognised for their innovation and use of best practice.

This issue also explores how local government pension funds can hedge currency risk, how councils can best address the shortfall in school places, and an update on the number of authorities banning the use of Roundup over safety fears.

Register for your free magazine