Haringey Council has a public meeting about  £2bn housing deal. The Haringey Development Vehicle will not build one council house and will hand over the whole current stock to private enterprise says GMB London.

GMB have written to the Mayor, Deputy Mayor of London and MPs (Catherine West and Daveid Lammy) to express concern around the privatisation of Haringey’s estates and buildings.

Protest group want to stop Harigney council giving £2bn of council houses to private developers.

A report published on Monday has named Lendlease, which has its headquarters in Sydney, as the council’s preferred partner for its contested £2bn Haringey Development Vehicle (HDV) – which is yet to be approved.

‘The Haringey Development Vehicle (HDV) is a £2 Billion gamble that residents and business can’t afford to take. The council plan to hand over £2 billion worth of council land and property to a company which it will own ½ of and the other ½ will be owned by a major corporation. This may include your council house or your business premises.’

In the last 15 years around 20 other Local Authorities have tried this. This is 4 x bigger than the gamble taken by the majority of other local authorities.