Landlords agree to swap more than 700 homes
Four housing associations have agreed a stock swap of 736 homes to provide better services for residents.
A2Dominion, Catalyst, Inquilab and Notting Hill Housing Trust have undertaken the transfer of homes across several housing estates in Southall, Greenford and Hayes, west London.
Previously, all of the associations managed a number of homes across these areas but as a result of the stock transfer, they will each now focus on the management of homes on specific housing estates to improve the delivery of services to residents.
Speaking on behalf of the consortium, Nicholas Yeeles, A2Dominion’s executive director, said: ‘We are committed to providing excellent services, and this stock transfer will result in a more an efficient and effective housing management service for our residents.’
The stock transfer, which was completed on 26 March 2012 following a consultation period with residents, resulted in A2Dominion transferring 151 properties and receiving 137. Catalyst transferred 299 properties and received 308, Inquilab transferring 78 properties and receiving 102, while Notting Hill Housing Trust transferred 208 properties and received 190.
The transfer of homes between the housing associations will not affect the legal rights of the residents.
The stock swap of the property freeholds makes permanent a number of 21-year management leases that were entered into by the housing associations in 2009 for the properties that have now been transferred.