Stock Transfer Ballot to Go Ahead

Council tenants in Salford will be able to vote on whether their homes are transferred to a co-operative, releasing £75m of investment. City mayor Ian Stewart announced today the ballot will go ahead ‘soon’ to transfer Salford City Council’s 8,500 homes to Salix Homes. The decision should mean that the arm’s-length management organisation, which currently manages the council’s stock, will become a ‘mutual’, jointly owned by tenants and employees. Read more on the Salford Council website.