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| General Information / Background |
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Following an overwhelming vote of tenants in Wansbeck, in favour of stock transfer, Cheviot Housing Association and Wansbeck Homes will become subsidiaries in a newly formed, not for profit organisation called Bernicia Group Limited. Bernicia will provide strategic central services to the asset owning operating companies Cheviot and Wansbeck.
The transfer will unlock around £80 million in investment in homes and services over the first five years, kick starting a programme of repairs and improvements. The work will cover:
* At least 4,000 homes benefiting from double glazing.
* 2,500 fully fitted kitchens.
* 2,500 new bathrooms.
* 2,500 heating system upgrades.
* 2,500 homes to have electrical works. |
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| Related Housing Associations |
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