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Social Rented Housing: Private Finance Initiative

Volume 475: debated on Thursday 1 May 2008

To ask the Secretary of State for Communities and Local Government pursuant to the statement of 25 February 2008, Official Report, column 66-67WS, on the national strategy for housing in an ageing society: disabled facilities grant (funding), whether socially rented housing built under private finance initiative arrangements will be (a) classed as publicly-funded housing and (b) required to be built to Lifetime Homes Standards from 2011. (197006)

[holding answer 27 March 2008]: Social rented housing built under a PFI contract is constructed using private sector capital investment but the cost is underpinned by contractual payments to the private sector from the local authority revenue budget which are partly supported by central Government grant. On this basis PFI would count as publicly funded.

We intend that social rented homes built under PFI from 2011 are built to Lifetime Homes Standards.