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Hopkins offers council tenants share of £100 million to transfer their homes

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Hopkins offers council tenants share of £100 million to transfer their homes

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Published by Jon Land for 24dash.com in Housing and also in Central Government, Local Government

Hopkins offers council tenants share of 100 million to transfer their homes Hopkins offers council tenants share of 100 million to transfer their homes

Housing Minister Kris Hopkins today urged council tenants to take advantage of the government's 'Right to Transfer' and unlock their share of £100 million funding to improve homes.

Under the scheme, which was launched without fanfare at the back end of last year, tenants living in council housing have a right to request that the management of their homes be transferred to a housing association - and that the council cooperate in that process.

The £100 million fund has now been made available for councils wishing to transfer their stock, in support of plans thast demonstrate good value for money and have the backing of residents.

Hopkins said councils and tenant groups will have the best chance of securing a share of the £100 million, if their plans for stock transfer include the regeneration of housing estates in their area - and improve the economic outcomes of tenants as well as the physical condition of the homes.

Housing Minister Kris Hopkins said: "As I saw for myself in Bradford, the transfer of housing stock from council to housing association control can unlock millions of pounds to invest in people’s homes, considerably improving their quality of life.

"Our pledge is that, where tenants agree, we will write off historic housing debt to enable good value deals to take place, with £100 million available next year to do just that.

"But I want to see bids from councils and tenants’ groups alike, which place at their heart the priority of improving the economic as well as physical state of housing estates, so they can benefit residents for generations to come.

"Already this year, deals have been agreed with government in Gloucester, Salford and Durham where stock will be transferred to the management of housing associations in exchange for the government writing off millions of pounds in historic housing debt.

"All of these will, subject to a ballot of residents, unlock investment to make improvements to properties and, in the case of Gloucester, could lead to the building of new social homes in the city for the first time in decades."

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