Liverpool City Council could be about to enter the housing market under new proposals to be discussed by the city’s cabinet this week.

Known as the Liverpool Local Authority Housing Company (LLAHC), the commercial venture aims to develop 10,000 rent-to-buy homes in an effort to help boost council funds.

A report, to be considered this Friday (24 June), sets out the council’s plan to establish its own Local Authority Housing Company (LAHC).

Local authorities including Thurrock, Gatehead and Brentwood have set-up their own LAHCs which are council owned trading companies which can develop housing for private sale/rent and act as private landlords.

If approved, the LLAHC would aim to develop housing for the private market trading commercially to deliver profits on behalf of its shareholders, taking advantage of the “unmet housing demand within the city”.

The council report says: “Market changes provide a clear opportunity for the city council to enter the housing market on a commercial basis and seek to develop solutions to gaps in the local housing provision”.

All profits from the LLAHC would be reinvested to provide more affordable accommodation or to support the delivery of wider council services. The LLAHC would not seek to develop or rent out housing on a social basis.

The report adds that if approved, the “innovative” housing company would help deliver on some of the mayor’s key priorities including increasing job growth in the city and helping to make Liverpool the “cleanest and greenest city in the UK”.

Related posts:

Homes planned for cleared Kensington site Liverpool City Council tackles homelessness with new forum Public consultation launched over future of Liverpool’s homes and parks New homes planned for derelict Liverpool timber yard Important to ensure Festival Gardens vision is ‘achievable’ Masterplan for 294 Welsh Streets homes recommended for approval