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A significant long-term public-private partnership, focused on affordable housing delivery, has been announced by Pension Insurance Corporation, a major investor in UK housing and infrastructure, nationwide place maker, Muse, and Homes England, the government’s housing and regeneration agency.
The new public-private partnership, named Habiko, is a joint venture that plans to deliver 3,000 low-carbon, low-energy affordable homes for the rental market, unlocking institutional investment. Habiko will become self-funding over its 12-year lifespan and aims to diversify the supply chain for future efficient housing developments.
Habiko is targeting up to 100% affordable homes for rent for those whose needs are not met by the market, with rents set at 20% below the local market rent. During the 12-year lifespan of the partnership, PIC will have the ability to continue to forward
link source - Construction Media