Create Limited Liability Partnerships (LLPs) between Local Authorities and providers of capital looking for long term investment(Pension Funds, Sovereign Wealth Funds) to build and manage new social housing.
The council provide land, planning permission, tenants, maintenance and a rent collection mechanism; the provider of capital puts up the cash.
The two parties agree to share the rental revenues according to the LLP agreement.
Tenants are housed in clean, healthy, energy efficient homes; the council is freed from debt obligation; and the funders have a long-term, low risk return on their capital - not to mention the benefits for a struggling construction industry.
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