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Hackney takes PFI option
00:00 16 Sep 1998
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Hackney London Borough Council has turned to the PFI to help solve
its housing problems.
It is advertising for a private sector partner to undertake a £20 million project to design, finance and construct around 200 social housing units on the Nightingale Estate in Hackney.
The deal will involve a mix of social housing grant provided by Government, free land provided by the Council and finance raised by the successful bidder for the scheme.
The PFI has started to become a feasible option for social housing following the successful signing of a deal last month by North East Derbyshire District Council, South Yorkshire Housing Association, Lovell Partnerships and Dexia Municipal Bank.
It is advertising for a private sector partner to undertake a £20 million project to design, finance and construct around 200 social housing units on the Nightingale Estate in Hackney.
The deal will involve a mix of social housing grant provided by Government, free land provided by the Council and finance raised by the successful bidder for the scheme.
The PFI has started to become a feasible option for social housing following the successful signing of a deal last month by North East Derbyshire District Council, South Yorkshire Housing Association, Lovell Partnerships and Dexia Municipal Bank.
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