The largest council flat estate in Harrow will be transferred to the Warden Housing Association next week, bringing the total number of UK council houses transferred to housing associations to 679,500.
Warden, a subsidiary of the Home Group, plans to pour £55m into the 518-home Rayners Lane Estate in north-west London.
Plans include demolishing the three and four-storey blocks of flats and maisonettes, and replacing them with new houses and flats.
In a ballot of tenants on 18 March, 74.6% of tenants voted in support of the transfer.
Meanwhile, Hackney council today transferred 954 sheltered dwellings to the Hanover in Hackney housing association.
The transfer was approved by 70% of the tenants.
The housing association will carry out £22m of repairs and modernisation over the next 30 years.
These two transfers bring the total of such arrangements to 162, since the policy was started in 1988. More than £10.8bn in private finance has been injected into the UK’s social housing stock via transfers.
EGi News 14/10/02
