#HDV – Sustained Development

  "Emergency housing is being tackled in Tottenham North East London, American prefabricated homes provided Under 'Lease Lend' are build"... This quote could be from a current news item but it is not!…

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#HDV – Haringey at MIPIM Cannes France, again?

This week the global property conference MIPIM 2017 opened in Cannes France. Despite having already chosen their preferred Developer for the 50;50 joint venture development vehicle, Haringey sent 5 delegates to…

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#HDV Political Football

Yesterday (7.3.17) in the shortest ever cabinet meeting, Haringey leadership voted to ignore and dismiss mass protest, councillors, unions and public concerns over cabinet plans to hand over public assets…

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#HDV | 24 Housing | 3.3.17 | £8bn of £51bn goes to affordable housing

The figures, compiled by the Chartered Institute of Housing as part of its UK Housing Review, reveal that despite a renewed commitment from the government to solve the housing crisis just 16% of the total funding it has earmarked for housing over that period will directly support the building of new affordable homes.

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TCP | 28.2.17 | #HDV Contested Development

"…Prior to the council’s decision to proceed with the HDV, Tottenham Community Press visited Northumberland Park to speak to local people about the estate’s future. Very few had heard about the HDV, although most were aware the council was planning some kind of redevelopment…I heard they want to regenerate the area by throwing people out and bringing middle-class people in….”

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#HDV – Overview and Scrutiny Committee 2.3.17

The Committee considered 2 call-ins submitted by both sides of the political spectrum, both were highly concerned about it and asked Haringey Overview and Scrutiny Committee to defer this monumental decision to allow more time to consider the structure proposed, the risks attached, and perhaps not surprising address the issue of meaningful public consultation. Watch the video of the full meeting.

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#HDV – Political FreeFall

Why over 30% of local councils have created Development Vehicles? Why NONE have gone for a joint venture with a developer? Advice from two who tried and failed – Don't do it! What does Haringey do? Jumps right in... Can Haringey go it alone?

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#HDV news on LSCC London Stansted Cambridge Consortim

The HDV will also own and manage the Council’s commercial property portfolio – a mixture of shops, offices, industrial estates and other buildings which the Council has historically maintained as a source of income. Cllr Kober says: “the Council has not done this job especially well in recent years”, and that the portfolio is not providing as much as income as it could, and could be working harder to support the kinds of business and job creation which the council wants to see."

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FT | 15.2.17 | Hazardous British Public Finance

"While local authorities are furiously selling assets to plug gaps in their budgets resulting from central government funding cuts, they have simultaneously been accumulating property assets across the country. Such has been the buying spree that they are now a significant force in the commercial property market. This is largely thanks to cheap finance provided by an arm of the UK Treasury."...

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Joe Halewood 19.2.17| Councils to Become Private Landlords in Housing White Paper

Tories force all councils to become private landlords in white paper - The ONLY new houses that councils will ever build from now on will be private rented properties at full private rent levels. Joe Halewood a Housing Welfare Consultant spells it out on his blog Speye 19.2.17 he writes "Imagine a yellow paged book called Housing Analysis for Dummies to see what the Tories housing white paper says and means: ...

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Independent | 18.2.2017 | Extended Right To Buy to Hit Affordable Housebuilding

Councils are working around restrictions to help ease the housing crisis by setting up private building companies at arms-length from the public sector, but still controlled by councillors. These firms can borrow on capital markets and build homes on behalf of local authorities to offer at below-market rents, as well as new homes for private sale or rent on the open market. More than a third of councils have set up these companies, with 36 local authorities creating such spin-out firms in the last year alone.

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