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BERWICKSHIRE TRANSFERS ENTIRE HOUSING STOCK

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Berwickshire DC became the first local authority in Scotland authorised to transfer its entire housing stock to a l...
Berwickshire DC became the first local authority in Scotland authorised to transfer its entire housing stock to a local housing association, The Herald reported (p2).

More than 2,000 homes are being transferred to the Berwickshire Housing Association which has been created specifically to own and manage the council's housing stock.

The £11.5m deal, authorised on Friday night, will fund the repayment of the council's outstanding housing stock debt, with the surplus of up to £755,000 being used to make a grant to the housing association for building new rental accommodation.

Homeless charity Shelter said it will take a closer look at the Scottish Office decision and how it would affect local authorities' statutory obligations towards homeless people, The Herald reported.
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