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MACCLESFIELD HOUSING TRANSFER TENANTS TO BENEFIT FROM£30M REFURBISHMENT

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Six hundred residents in Macclesfield will benefit from a£30m refurbishment programme following the transfer of ho...
Six hundred residents in Macclesfield will benefit from a£30m refurbishment programme following the transfer of housing

management responsibilities from the local council to a Registered

Social Landlord.

From today the Riverside Housing Association will take over as

landlord of the Colshaw Farm Estate following a ballot where 86.6% of

tenants participated and 96.7% voted in favour of the transfer under

the government's Large Scale Voluntary Transfer Scheme (LSVT). The

association acquired the stock from Macclesfield BC for

£901,000.

Housing minister Nick Raynsford said that many of the properties on

the Colshaw Farm estate had not been improved since they were built

and there had been some structural deterioration.

'The new landlord intends to invest£30m to provide such

things as double glazing, re-wiring and new back and front doors,

which I am sure everyone will welcome.

'By working together, Manchester City Council, Riverside Housing

Association and the tenants have now provided an excellent

opportunity to repair homes and provide a real improvement in

tenants' living conditions.'

LSVT forms an important part of the government's commitment to

providing decent homes and thriving communities. Tenants benefit from

housing transfers because, as private sector organisations, RSLs are

not bound by the same financial constraints as local authorities.

This means repairs can be carried out more quickly, rents remain at

affordable levels, and tenants have a greater say in the management

of their homes.

Since 1988, 101 local authorities have transferred all or part of

their housing stock to new landlords, involving over 390,000

dwellings. More than£6.5bn of private finance has been raised

through purchase and investment in housing stock and have generated

over£3.2bn in capital receipts.

NOTES

1. LSVT is one option that councils are free to adopt. Transfer is

voluntary is can only go ahead with the support of tenants. A

housing transfer involves the disposal of all or part of an

authority's stock to an RSL. Increased investment means that any

backlog of repairs can be carried out more quickly than if the

properties had remained in local authority ownership. Rents will

also remain affordable and tenants normally benefit from a

guarantee that rents will not rise more than 1% above inflation

for the first five years after transfer.

2. 86.6% of tenants on the Colshaw Farm Estate voted on the

transfer and 96.7% of them were in favour of the move. The ballot

took place from 1-29 October 1999.

3. The Riverside Housing Association is an existing RSL and

currently owns about 22,000 properties throughout the country.

4. RSLs are regulated by the Housing Corporation, a government

body that ensures RSLs meet performance standards in areas such as

housing management, tenant consultation and rents.

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