The three-week ballot ended yesterday - 64% of tenants and 69% of
leaseholders voted in favour - the turnout for tenants being 64%, for
leaseholders 53% - and has culminated in a positive outcome for tenants who can now look forward to:
*£51m investment into major repairs and improvements including
* improved security on estates
* a 10-year rent guarantee of inflation plus one per cent
* security of tenure
The council is delighted that the new housing company will now have the opportunity to carry out some much-needed repairs and modernizations that will keep the homes up to the standard residents expect. They can now look forward to their homes being brought up to standard within five years.
Work will include fitting new kitchens and bathrooms where necessary.
The new registered social landlord - Richmond Housing Partnership, will be made up of representatives of the tenants, independents - with a range of professional skills - and councillors.
Gita Rae said: 'I am absolutely convinced that this is the right outcome. We can now go forward and ensure that there will always be quality housing at rents which people can afford. The council has always supported the transfer proposals and I would like to thank all those who have worked so hard at making this happen. We look forward to working to make Richmond Housing Partnership the success it needs to be for all our residents'.