Housing PFI round 6 - successful authorities

Ten successful local authorities have been invited to develop their outline business cases for up to £1.7bn funding from Housing PFI round 6.

The following local authorities have been invited to develop proposals that will allow them, in partnership with private sector contractors, to deliver new or improved council homes as well as new affordable rented homes.

  • Birmingham City Council: Erdington Housing PFI (HRA)
  • Cornwall Council: Affordable Housing for Cornwall (non-HRA)
  • Hull City Council: The transformation of Orchard park (HRA)
  • Leeds City Council: Lifetime neighbourhoods for Leeds (HRA)
  • Northampton Borough Council: Northampton East Regeneration Scheme (HRA)
  • Nottingham City Council: Meadows Housing PFI (HRA)
  • Portsmouth City Council: Somerstown Regeneration Project (HRA)
  • Shropshire Council: Extra Care Housing (non-HRA)
  • London Borough of Southwark: Aylesbury Estate Regeneration (HRA)
  • Stoke-on-Trent City Council: Suburban Estate Investment Programme (HRA)


Up to £1.7bn of PFI credits will be available, with the final allocations being confirmed when the local authorities present their outline business cases. These are considered and endorsed by the Treasury chaired, inter-departmental Project Review Board (PRG) before projects proceed to procurement. The HCA anticipates business case development will take up to 12 months with some less complex projects proceeding more quickly. A number of schemes will include homes built for outright sale or shared ownership; these will be provided by a PFI contractor but not paid for from the PFI funding.

On 12 January 2010 the HCA hosted an event at which each local authority gave a presentation about their scheme to an audience of potential bidders and funders. Manchester City Council and Cheshire East Council also took part, with presentations for their respective Collyhurst (Round 3) and Extra Care Housing Project (Round 5) schemes. 

All 12 presentations are available -  without the commentary given at the event

HRA - Housing Revenue Account. In these projects local authorities retain ownership of the stock and the tenants retain their secure tenancies.

Non-HRA - non-Housing Revenue Account. In these projects local authorities secure access to new and additional affordable rented homes although these are owned by the private sector operator during the term of the contract, and usually thereafter.


 

Last updated: 8 March 2010