Councillors in wakefield discussed a possible stock transfer this week.
The transfer of 36,000 homes to an independent trust would be a bid to secure the 拢250m Wakefield needs to meet the decent homes standard.

Councillors were asked to approve the proposals on Wednesday, after Housing Today went to press.

Kevin Dodd, Wakefield council鈥檚 head of housing, said: 鈥淲e have been advised that there is simply not enough money available through the private finance initiative or setting up an arm鈥檚-length management organisation to fund what we must spend to meet the decent homes standard.

鈥淥nly through an independent housing trust would we be able to do this.鈥�

Source

Housing Today