The transfer process, which was supposed to be completed this month, stalled earlier this year when the council’s £40m valuation of the stock was rejected as being too high. The transfer date has been extended until the end of the year. Almost £270m could potentially be made available for housing improvement if an agreement is reached.
The projected job cuts have been blamed on right-to-buy sales and the planned demolition of up to 2400 properties. In total, the existing stock is set to shrink by up to 6000 over seven years. Demand for repair and maintenance staff is expected to be high at first but to tail off in the long term.
Source
Housing Today
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