Monday, Sep 06, 2010
Could this be the start of an improved Private Rented Sector?
Inside Housing: HCA signs landmark private sector deal
Under the deal with Berkeley Homes the developer will set up a private rental fund that it will use to buy 555 homes it is building over the next two years. The HCA is putting in £45.6 million through its Kickstart scheme. Of this £28.5 million is equity, £455,000 is gap funding, and £16.6 million comes through the National Affordable Housing Programme. The HCA launched its private rented sector initiative in May 2009 with the aim of encouraging institutional investors into the private rented market.
Posted by greenmind @ 11:19 AM (406 views) Add Comment
1 Comment
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1. drewster said...
Homes & Communities Agency.
Kickstart Scheme.
National Affordable Housing Programme.
How many of these quangos will survive the forthcoming spending cuts?