Council Homes Could Be Set For £33m Injection

If a stock transfer from a council goes ahead, the houses owned by the local authority could be set for a £33 million cash boost. If it gets the go ahead, Salix will take over ownership of 8,200 council properties in Salford. If the go-ahead is given, it will be put to a ballot for tenants next year. If residents back proposals, the homes will benefit from investment over the next 30 years including £33 million in the first 12 months. Current estimates suggest the homes need around £700 million investment and repairs over the next thirty years. Read more on Inside Housing.