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TRANSFER CRUCIAL TO MEETING GOVERNMENT'S TEN YEAR TARGET

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Half of existing council owned houses must be transferred if the government ...
Half of existing council owned houses must be transferred if the government

is to deliver its ten-year target to address the backlog of disrepair in

England.

Transfer of stock is critical to raising the necessary private finance to

bridge the gap between the current government spending plans and the

investment needed for improvements.

Research commissioned by the Chartered Institute of Housing and carried out

by Graham Moody Associates shows that, providing investment continues at the

levels already indicated for 2003/04 in the last spending review, the

government's target can be met.

Chartered Institute of Housing policy director John Perry said:

'The latest calculation shows how vital transfer is to the government's

plans. Unless at least another million homes are transferred the target

can't be met without a big increase in public spending. Not only is the

Government banking on transfers taking place, they must happen quickly

enough that tenants can benefit from the resultant improvements before the

government's own deadline expires.'

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