Barnet go for Housing Corp

Barnet Council is looking at setting up a development company to build homes in the borough.

Inside Housing reports that the council is in talks with large pension funds and insurance companies over providing institutional investment for a Housing Company. Various models are being considered, but all involve investors receiving an annual yield for a period, with ownership reverting to the council after that.

The report says an announcement on the structure of the company is expected early in 2013.

 

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