Housing associations swap homes
Housing associations Hyde Group and Amicus Horizon have completed a swap involving nearly 600 homes.
Under the deal Hyde Group will take on 338 homes in the Arun and Adur areas of west Sussex, while Amicus Horizon will take ownership of 257 properties in Hastings, Rother and Eastbourne.
A Hyde spokesperson said the move will enable both associations to save money and improve local services to residents.
An Amicus Horizon spokesperson said: ‘This stock swap shows how two housing associations can work together for the practical benefit of their residents on a big scale.’
Carol Carter, group director of housing at Hyde, said: ‘By increasing the number of homes we own and manage in areas where we are already based, we hope to realise efficiencies which can be reinvested in services and homes for our residents.’
Hyde Group has made significant changes to its operations and group structure through its One Hyde One Vision programme, under which it is gradually merging its subsidiaries. It has brought customer service enquiries into one contact centre, centralised income collection and leaseholder services and is currently re-procuring £500 million of repairs and maintenance work, slashing its number of contractors from 60 to 12.
The group estimates £50 million will be saved over 10 years as a result of OHOV.
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