The procurement of Social housing is not limited to provision of shelter to those who cannot afford to acquire it at market rate but its role extends to other areas such as social autonomy, unemployment, crime and sustainability. Traditionally this role has been the responsibility of government and local authorities. During the last thirty years the government’s policy is to transfer as much risk as possible to the private sector and the sector’s structure has evolved to include major private sector participation. PFI is one of the ways in which private finance was introduced into the sector. PFI schemes adopted so far have always included a measure of regeneration, crime reduction and sometimes provision of employment to tenants. This paper examines PFI schemes used in the UK so far and assesses the conditions under which these schemes operate. By investigating the types of packages used, risk allocation processes and related management issues the paper explains the potential for delivery and success as well as provide a framework for effective PFI into future social housing provision.