The City of London Corporation is exploring bringing in outside investors to help finance future housing projects, as the Square Mile’s governing body seeks to tackle a funding shortfall.
The City’s assets include renowned sites such as Guildhall, the Old Bailey courts and the Grade II-listed Barbican estate, as well as Roman amphitheatre ruins, Hampstead Heath and Epping Forest.
But disrepair among its 1,800 social homes across seven boroughs in the UK capital has become a sore point for the City, which is confronting an £84mn gap in its funding for housing improvements.
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