Review of Council Housing PFI – Parliamentary Written Answer

Kate Hoey MP (Labour, Vauxhall – Lambeth Living and United Residents Lambeth): Will the Government undertake research into the cost-effectiveness of building of homes (a) by local authorities directly and (b) under private finance initiative schemes?
Andrew Stunell MP (Liberal Democrat, Parliamentary Under-Secretary of State for Communities and Local Government): Until recently there have been very few homes built by local authorities and no funding provided to them. Homes being built under the Local Authority New Build programme are subject to a value for money assessment by the Homes and Communities Agency before receiving support and Housing Private Finance Initiative (PFI) schemes also go through key value for money assessments. As part of the comprehensive spending review, my Department plans to assess the value for money of Housing PFI and other delivery routes.