Council to create own homes firm

摘要

Dover DC is to create its own property company to help meet housebuilding targets. The council has been involved in the property market since 2016, focusing on commercial opportunities. It intends to expand on this with the creation of the Dover Local Property Company (DLPC) - an arm's-length operation dealing in the residential and commercial sectors that the council hopes can compete with other trading companies and deliver investment returns. The move was prompted by the prospect of higher housing targets for councils, as new homes are not being built in Dover at the rate hoped for in the council's core strategy.