Chief executive says homes agency aims to provide a ‘menu of options’ to support those interested in the scheme
The Homes and Communities Agency has unveiled the four methods of support that it will offer those wanting to invest in the private rented sector initiative.
Speaking last week at the Resi 09 property conference, Sir Bob Kerslake, chief executive of the HCA, said the agency would:
- Champion the scheme and try to increase support within the government for measures such as changing stamp duty and VAT requirements, and rental guarantees
- Provide HCA and other public land to developers as equity
- Underwrite some schemes on a case-by-case basis
- Look to cooperate with other HCA schemes such as Kickstart and the public land initiative.
Kerslake said: “We will provide a menu of options, based around a number of schemes, and we will support a range of funds. We are trying to develop a commercial model and not a subsidy model, but to get it going it does require some intervention.”