Government moves closer to private rental initiative

According to report by Property Week the governments latest attempt to get institutional backing to the private rental sector has been given a boost after the Homes & Communities Agency (HCA) confirmed that it was in advanced talks with four parties about a total of £1bn of investment.

In a statement on 15 December, HCA chief executive Sir Bob Kerslake said: “We hope to see the frontrunning consortia cross the line some time in the new year. I believe we are close to seeing some tangible success.”

No action likely

In my view Sir Bob you are talking out of your 'Arshavin'. No offence to Gunners supporters, but if you think that anybody is going to agree anything within 5 months of the potential change of government then you need your beard examining for some signs of intelligent life form.

The only sure fire thing about the post election policy on the private rental sector investment is that Sir Bob must be checking his underwear regularly over his current position given the potential change in paymasters and that the word Communities will be rapidly dropped from the replacement organisation to the HCA if the Tories win power.

Post election prediction

My other predictions is that the monolithic bureaucracy which the HCA has become after various mergers will be demerged under the Tories and out will pop a national agency more focused on leveraging in private sector investment to replace the dwindling pot of public money. Maybe something similar to English Partnerships, an organisation that was rather good and that the Labour Party ceremoniously got rid of. Who says that history repeats itself.

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