Ballot Underway For Stock Transfer

Thousands of tenants are set to decide the future of a council’s housing stock as a ballot for transfer takes place. Swindon Council is currently balloting 12,600 tenants on their thoughts on transferring the authority’s 10,500 homes to a housing association. If agreed, ownership of the homes will be transferred to Swindon Housing Association – a new not-for-profit landlord.
The council said it wanted to explore the option of transferring stock as under the new self financing funding arrangements, it would have to take on £139 million of debt. Read more on Inside Housing.