Magazine article Public Finance

Private Developers to Compete with RSLs for Grants

Magazine article Public Finance

Private Developers to Compete with RSLs for Grants

Article excerpt

Private developers and other bodies that get the go-ahead to join a £200m social housing programme will automatically be permitted to compete with registered social landlords for larger grants later this year, the Housing Corporation has confirmed.

A total of 171 organisations have expressed interest in the corporations pilot programme for non-RSLs, which gets under way this month, although the number of potential bidders is likely to be significantly smaller by the time second-round bids are invited in May.

Jon Rouse, the corporation's chief executive, said organisations completing a pre-qualification process for the pilot would also be considered for the 2006/08 approved development programme (ADP) from this autumn.

Housing associations received £3.3bn through the ADP in 2004/06 to build more than 67,000 homes. No figure has been announced for 2006/08, but Rouse said the corporation was looking forward to using 'our widest ever choice of suppliers'.

Developers and other bodies told the corporation they hoped to build about 150,000 homes through the pilot scheme, but it is unlikely that £200m will stretch to more than 4,000 properties. Most expressions of interest were for developments of fewer than 1,000 homes in London, the Southeast and East England. …

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