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Private Equity - Social Housing - Radio 4 Item

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I caught part of an item on Radio 4 last week. I think it was on around 12:00 on Thursday 31st March 2016. But I could well be mistaken by the date and time.

From what I heard the item was about private equity firms paying for social housing to be built which was then let out to people from the council waiting list. The council were contracted to maintain the housing making a small amount of profit I believe and the homes were exempt from right to buy which wouldn't be the case had they been owned by the council or a housing association.

I am interested in finding out more about this concept. Did anyone else catch the programme? If so could you let me know what it was and I'll search for it on listen again.

Of the people who are aware of these types of schemes, what do you think about them? From the brief listen it seemed too good to be true. Hundreds of people would be off the council waiting list, the council would make a small amount of money and the houses would stay as social houses. There must be a catch somewhere.

If this had been discussed elsewhere could someone point me to the relevant thread?


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