Housing Stock Transfer

Houses

The Council is proposing to transfer its 3,400 homes to a new local not-for-profit housing organisation, set up with help of the Council, called Gedling Homes. If the transfer goes ahead, millions would be unlocked to be invested in such things as tenants’ homes and services over the next 30 years. This is much more than the Council could afford over the same period.

If it went ahead, the money unlocked by transfer would be invested in:-

In addition, tenants would be able to vote four tenants onto the Gedling Homes’ Board.  Therefore tenants would make up a third of the Board.

Gedling Borough Council would help set up Gedling Homes to take over the ownership and management of the Council’s homes. The new housing organisation would still be based within the Gedling area and any surplus money it makes through tenants’ rent payments would be reinvested back into improving tenants’ homes and services.

While totally locally based and accountable, Gedling Homes would also be part of an existing housing group called New Charter Housing Trust Group, which would provide valuable resources and experience benefiting tenants.

Furthermore, all tenants’ key rights and entitlements would be protected if transfer goes ahead. However, the transfer can only take place if tenants give their backing in a ballot due to take place later this year.

In the coming months Gedling Borough Council will be sending out a series of newsletters and a DVD giving tenants the facts about transfer. A formal consultation document will be sent to all tenants containing all the details about what transfer would mean, before being asked to vote on the proposals.

If tenants have any questions they want answering about transfer they can ring the Stock Transfer Team direct on

Stock Transfer Team; 0800 0150988

or alternatively ring the independent tenants’ advisor PS Consultants selected by tenants to give free, independent advice during transfer consultation on free phone

PS Consultants; 0800 0852 207