2 Housing delivery has been a government priority, and local authorities have used PFI as an alternative funding route when other options for either improving existing housing or building new stock were not practical or available. PFI has typically been used to regenerate areas with a high social housing need but where stock condition was particularly poor. These projects then benefit from the long-term maintenance which PFI delivers. We found that tenant satisfaction for housing management of a PFI project is similar to comparable housing and slightly higher for repairs and maintenance.