Potential merger for Housing Associations in Eden
Published by Tracey Errington for Eden Housing Association Limited in Housing and also in Communities
John Clasper and Ian Tupling at Lowther village
Lowther & District Housing Association (LDHA) is currently in discussions with Eden Housing Association around a merger which would secure additional future investment into its 99 affordable rented homes.
The centre piece of the Association’s stock holding is at Lowther Village, part of the Lowther conservation area where the historic properties date from the 1770s.
Their design was inspired by the renowned Georgian Architect Robert Adam and are Grade 2* listed buildings.
Lowther & District Housing Association has invested greatly over many years in both new properties and improvements to existing. Recent works in Lowther Village have resulted in unforeseen problems, with the result being an ever increasing demand upon finances to bring the affected properties back to an acceptable standard. As such it looked at ways to secure investment beyond what their rental income stream would sustain in order to secure further improvements in its whole housing stock into the future.
This strong desire has led to discussions with Eden Housing Association and consultation with its tenants about how this might be best secured.
Ian Tupling, Vice-Chair of Lowther & District HA said, “The voluntary committee members of Lowther & District HA are extremely keen to build upon the legacy of previous eras and secure timely improvements and greater financial investment into our affordable rented homes beyond what LDHA could deliver in the short term. Discussing options with Eden Housing Association, our current managing agents, may allow us to realise our objective.
We are currently exploring the potential for well over £1.46m of additional investment to be achieved, that will be spent on the affordable homes for the benefit of tenants”.
John Clasper Managing Director of Eden Housing Association said, “We have a long-standing and good working relationship with Lowther & District HA and we are pleased to be party to exploring an even closer relationship through a ‘Transfer of Engagements’ for the long-term benefit of residents. Recent consultations have shown tenants to be very supportive and we expect to have a final decision within the next couple of months.”