Who will ensure the tenants’ interests in a 50-50 joint venture deal with a multinational developer? In neighbouring Hackney, a huge regeneration project will deliver 2,760 homes and more than 30% are for social rent. It would be interesting to see what proportion of social rent homes would be financially viable in such a scheme. So the council-owned vehicle will also face hard choices in providing social rent homes within mixed developments. Of course, the council could finance a couple of hundred units but that doesn’t come close to demand.

Source: The Guardian November 05, 2017 00:00 UTC