Half of Councils Setting Up Companies to Tackle Housing Shortage

Nearly half of councils in England have either set up a housing company or are considering doing so, according to a new survey. The research, conducted by 3Fox International, shows 12% of councils have already created a housing company to generate income from developments, with 34% actively debating the idea. The survey showed that the main driver for setting up a housing company was the need to provide a long-term housing solution (61%), with a third saying the main objective was to raise money. Read more on the LocalGov website.