Stock Transfer

Council tenants in Plymouth voted in favour of transferring the ownership and management of their homes to Plymouth Community Homes in November 2008.

In a secret ballot, 67.49 per cent of tenants voted in favour of transfer with 32.51 per cent voting no. Overall there was a 61.22 per cent turnout.

The vote means Plymouth City Council’s 15,000 homes transfer to Plymouth Community Homes in late 2009, subject to consent from the Secretary of State.

The ‘yes’ vote means Plymouth Community Homes will spend £168 million on a programme of improvements for tenants’ homes in the first five years after transfer.

Tenants’ key rights and entitlements are protected and tenants will have a bigger say in how their homes and housing services are run with a third of the seats on the management board of Plymouth Community Homes.

Tenant Peter Ebsworth, Chair of Plymouth Community Homes, said: “We are delighted that tenants have voted in favour of the transfer”.

“Tenants should be congratulated for taking such a momentous decision. Now it is up to Plymouth Community Homes to deliver the brighter future tenants voted for, continuing to work closely with tenants at every stage of the process”

Website by: Forepoint