100 million) for the next transfer programme and the publication of the stock transfer manual for 2015/16. Their press release takes an interesting angle, promoting it as an opportunity for tenant empowerment through the Right to Transfer (RTT). The first Para reads:
Council tenants wanting more influence and control over their homes will have access to a share of £100 million.
Council tenants wanting more influence and control over their homes will have access to a share of £100 million to do just that, Housing Minister Kris Hopkins announced today (14 July 2014).
Mr Hopkins said the fund will help unlock further investment in maintaining and building social homes across the country.
Since November 2013, tenants living in council housing have had a right to request that the management of their homes be transferred to a housing association – and that the council cooperate in that process.
From today, tenant groups wanting to exercise this Right to Transfer will be able to bid for a share of this £100 million fund to help that process, with the money becoming available from next year.
The £100 million fund is also available for councils wishing to transfer their stock, with proposals that provide good value for money and have the support of residents.
In my view it is a good thing that the RTT is being promoted in this way and crucially that the stock transfer programme remains open for business with funding available to support it. I led a workshop on RTT at the recent National Federation of TMOs (NFTMO) and it was full, so there is definitely the appetite for RTT within the TMO world.
Whilst I welcome the push behind RTT there is no prospect of TMOs making much of a dent in £100 million, even if debt relief is needed. So I can only assume that the Government also expects some local authorities to be making applications for this round.
Speaking of applications, the 2015/16 transfer manual now includes two versions of the application for transfer (Annex A) to be submitted to HCA as referred to in my previous post. This recognises that it makes no sense for applications for tenant led transfers to come from the local authority.