Friday, 26 July 2013

Guidance Spurs Five Councils to Transfer Stock

Long-awaited government guidance on stock transfer rules has paved the way for a new wave of stock transfers.  Five councils have been in discussions with the Treasury and the CLG about carrying out stock transfers - all of which must be completed by March 2015.  These include Gloucester, Northampton, Salford, Durham and Lewisham. Gloucester’s ALMO, 4,800-home Gloucester City Homes, had previously planned to become the first community and council-owned organisation, but the idea was quashed by the Treasury. Read more on Inside Housing.

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