Praise for LHCs

The benefits of Local Housing Companies (LHCs) still outweigh the alternatives, according to local government specialist Simon Randall. Randall, a partner at Lawrence Graham, said LHCs provide the perfect vehicle to regenerate urban housing under the Labour government's planned £5bn release of unspent cash from homes sold under the right to buy scheme. The Government is also reported to be considering allowing local authorities to raise finance to spend on housing.