The closure of the house building company run by Liverpool Council that once promised to build 10,000 new homes has been confirmed.
A little more than four years after launching Liverpool Foundation Homes, to “radically reshape” the city’s housing market, the local authority has confirmed it will move the company into voluntary liquidation. A decision was taken by the council’s cabinet this morning 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.
