Leading social housing provider Stonewater has completed the transfer of 92 social rent homes in Plymouth to the city’s largest social landlord Plymouth Community Homes (PCH). The sale includes estate management responsibilities for a further 100 privately owned properties in the area.
Nicholas Harris, Stonewater Chief Executive Designate says,
“These homes are the only social housing properties we own in Plymouth and they are a long way from our closest office in Bristol. We felt customers would benefit if the property was managed by a more locally based housing provider. PCH is ideally placed to manage these homes and provide residents with a responsive, efficient and high-quality service that will deliver good value for money.”
Stonewater consulted with tenants about the transfer and gained agreement from the Homes and Communities Agency before going ahead with the sale. PCH owns around 15,000 social housing properties in Plymouth.
John Clark, Chief Executive for PCH explains,
“Buying homes in Little America helps us towards achieving our ambition to grow the number of social housing properties we have available for residents of the city. Owning these homes in Little America fulfils our social purpose and makes good business sense for PCH because we’ll get a return on our investment and it will mean people living in the area will benefit from having a city-based housing provider with local staff on hand. I strongly believe this is a move that benefits all.”
Elaine Pellow, Chair of PCH’s Board, says:
“Tenants joining us will be able to enjoy all the other benefits being part of the PCH community brings – free training and job clubs, resident involvement opportunities and community events, not to mention an excellent repairs service and housing staff close at hand if needed.”