Innovative affordable housing finance delivery model in England

Abstract

The purpose of this chapter is to outline how the UK government framework has changed and how this innovative joint venture works between a local authority and an HA with a particular focus on how the innovation relates to finance. To do so, the chapter draws on the example of Brighton & Hove City Council that has set up a joint venture with Hyde Group Limited in October 2017. This type of joint venture is the first of its kind in England. It acts therefore as a trailblazer and can provide early lessons for other English local authorities keen to adopt this delivery model. There is also considerable transferable relevance to other countries equally interested in exploring this type of innovative funding arrangement as a way to deliver new affordable homes