Magazine article Public Finance

Almos Keen to Submit Home Build Bids

Magazine article Public Finance

Almos Keen to Submit Home Build Bids

Article excerpt

Council-owned housing companies are lining up to accept a government invitation to build new homes.

At least eight arm's-length management organisations have submitted pre-qualification bids to the Housing Corporation in the hope of becoming 'investment partners' alongside registered social landlords and private developers.

The corporation should announce next week which bidders have passed the first stage of the 2008/11 National Affordable Housing Programme and can go on to draw up firm proposals prior to the awarding of development grants.

The strong interest shown by Almos indicates that councils are keen to resume building after Prime Minister Gordon Brown made affordable housing a key feature of his Labour leadership campaign.

Gwyneth Taylor, policy officer at the National Federation of Almos, said she was surprised that so many had completed pre-qualification questionnaires - the first stage of the bidding process - without first setting up a consortium with RSLs or developers. But they can still join a consortium before detailed bids are submitted later this year. …

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