Richard Barrett’s Bartra signals readiness to build 400 social homes
Government hopes new lease scheme will see 10,000 social dwellings constructed.
The new Government scheme will allow investors to pay for the construction of social homes that can be leased to councils, which can in turn rent them to tenants.
Damien English, Minister of State for Housing and Urban Development, said on Wednesday that local authorities would be allowed to lease properties for social housing from pension funds and other institutional investors for 25 years.
The scheme will allow investors to pay for the construction of social dwellings that can be leased to councils, which can in turn rent them to tenants.
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