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£2.4M LOST IN TORBAY HOUSING VOTE

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More than£2.4 million of public funding has been lost after Torbay DC tenants voted against transferring to a hous...
More than £2.4 million of public funding has been lost after Torbay DC tenants voted against transferring to a housing association.

The Torbay Tenants Housing Association, formed under the Tenants' Choice legislation, was bidding to take over 2,700 homes from the council. But only 150 tenants voted in favour of the transfer.

It received £1.7m subsidy under legislation from the Housing Corporation to set up the bid and the council spent £750,000 in response to the threatened take-over.

The corporation subsidy would have been repayable if the transfer had gone ahead but there is no mechanism for recovery if a bid fails.

'This whole exercise has been a scandal. We could have modernised up to 80 council homes with the money the council has spent alone,' said council leader Mike James.

The transfer would have been the largest so far.

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