London housing company

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3285
Question By: 
Mike Tuffrey
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

What progress has been made by the LDA on a housing company, since I last asked in May when they were 'at an early stage of working up a SPV housing company offer, which would enable LDA land to be pooled with other public sector assets' [MQ 1174/2009]?

Answer

Answer for London housing company

Answer for London housing company

Answered By: 
The Mayor

LDA funding has been budgeted to form the company. Experts have been appointed to undertake detailed work on the business model. Using the LDA's brownfield land database, an initial sift has been undertaken of potential sites. A series of meetings have been held to confirm local authority interest in the initiative and the status of their land holdings. The concept has also been presented to London Councils Housing Directors.

Subject to satisfactory progress and negotiation with public and private sector partners, it is anticipated that the LDA will be in a position to commence proposals on its land in Spring 2010.