Housing Company Legal Advice

The Council intends to create a wholly-owned local housing company, provisionally entitled Wolves Homes, to build approximately 150 new homes a year in the City for at least five years. The build will be funded via a local authority loan. Depending on the suitability of council sites, some of the homes will be sold on the open market for owner-occupation, and some retained for market rent. The company will be a commercial enterprise, aimed at generating a return for the local authority general fund whilst pump-prim...