/ How can the council be sure that Homes for Lambeth will build the genuinely affordable homes?
How can the council be sure that Homes for Lambeth will build the genuinely affordable homes?
The council is Homes for Lambeth's only shareholder. This gives the council control over Homes for Lambeth's business plan which lays out which projects will go forward.
In addition, the council will impose conditions on HfL when reaching agreement about the use of specific plots of land – for example, over how many and what type of new homes will be built on them. If Homes for Lambeth fails to meet these requirements, the land will immediately revert back the council.