Homes for Lambeth
Case Studies
Homes for Lambeth (‘HFL’) is a new, wholly owned housing company established by Lambeth Council to deliver private and affordable housing in the Borough. HFL will deliver affordable homes on estate regeneration schemes in an innovative way for the Council, together with high volumes of housing across other tenures which are essential to meeting the current and future needs of Lambeth’s residents. In January 2018, Lambeth’s Cabinet approved the detailed governance proposals, Business Plan and associated mobilisation activities for HFL’s first schemes which Newbridge developed with the Council. HFL will begin managing its first affordable homes in Summer 2018.
Newbridge’s role has involved providing direct engagement and support to the Council and the Board of HFL, including:
· Providing commercial input and coordinating assumptions to maintain a state aid compliant approach.
· Overseeing the registration process of a new Housing Association in the group structure and preparing documents for assessment by the Regulator of Social Housing.
· Co-ordinating legal advisors on matters ranging from governance, loan agreements, and agreements and use of the Council’s powers.
· Developing the Business Plan for the new companies, working with the Council’s Finance team on the outputs from their financial model.
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