A housing company set up by Liverpool Council which aimed to build 10,000 homes set a target “which could not be met” and went public with it before a delivery and funding plan had been set, according to internal findings.
Almost five years after launching Liverpool Foundation Homes, to “radically reshape” the city’s housing market, the local authority has moved the company into voluntary liquidation. A decision was taken by the council’s cabinet in October to wind down the operation that developed just 18 properties.
In a major launch back in 2018, then Mayor Joe Anderson said the new 'Foundations' company would deliver 10,000 properties across the city, fuelled by an estimated £500m investment programme. There would be a focus on building homes for foster families, the elderly, people with disabilities and the homeless as part of an 'ethical' housing company.
