Council could use bonds agency to finance housing company

A council that is creating a development company to build new homes could use the LGA’s municipal bonds agency to secure finance.

By MJ Correspondent | 16 July 2014

A council that is creating a development company to build new homes could use the Local Government Association's municipal bonds agency to finance the business.

Sutton LBC told The MJ the agency was ‘one of the avenues we will be exploring to support the new company', which will look to unlock stalled sites in need of development.

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Popular articles by MJ Correspondent

  1. More councils accused of publicity code breach
  2. Majority of council staff 'to cross picket line'
  3. Councils urged to invest in capital reserves
  4. Authorities 'could lose grip' on pensions reform
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