Mr Clappison said he was delighted to give the go ahead to the transfer. The transfer represents a good deal for the tenants who will benefit from an accelerated repairs and improvement programme and will have a greater say in the management of their homes. Tenants will also benefit from a guarantee that rents will not go up by more than two per cent above the rate of inflation until April 2001.
The application from the district council to transfer part of its housing stock came after a ballot of the tenants concerned showed that 91 per cent were in favour, in an 82 per cent turnout. 794 PRC (Precast Reinforced Concrete) homes will transfer to the housing society on 11 November, followed by a trickle transfer of 968 homes during subsequent years. The housing society will also acquire a number of development sites from the council and will undertake the management of the remaining local authority stock for a five year period.