HCA set to launch investment branch
Thu 17th April 2014, 3:47 pm
The Homes and Communities Agency is in the process of setting up a sub-agency headed by bankers to manage a £25 billion investment portfolio, according to reports.
Inside Housing reports on the government plans, under which a shift would occur from grant funding to programmes where the government would expect a return on investment.
Under the scheme the HCA would take on three senior bankers on secondments to recruit and create an 80-employee HCA Investment Division.
The investment portfolio will include schemes currently administered by the HCA, including the £9.7 billion Help to Buy and the £1 billion Build to Rent programmes.