Solihull council is to press ahead with three different stock options in an attempt to get its 12,000 homes up to the decent homes standard.
Plans for stock transfer have been put on hold, although not abandoned. Meanwhile, the council has applied for inclusion in the third round of arm's-length management funding.

A regeneration company is also being developed. A shortlist of three bidders is expected to be confirmed within a week.

Julian Wain, strategic director for physical and environmental regeneration, said the ALMO bid would take priority, but that the regeneration model could also help private property. "The regeneration vehicle is much wider and could include or exclude social housing, depending on what plans bidders put forward," he said.

Solihull's housing debt is roughly £40m, and the council needs £10m more if it is to meet the decent homes target.

Source

Housing Today