Newark and Sherwood District Council will bring management of its housing stock back in-house
Newark and Sherwood District Council will bring the management of its housing stock back in-house, it was decided yesterday (Thursday).
The decision ratifies one taken in-principle In April to dispense with the company the council set up to manage its 5,500 properties and follows a tenant consultation period.
Staff from Newark and Sherwood Homes, of which the council was sole shareholder, will transfer to direct council employ by April 1 next year.
The decision is expected to save just under £1m each year which, after allowing for inflation, will create an estimated £40m over the next 30 years.
These savings will be reinvested in frontline housing services and new council homes.
Tenancies and leases are not affected by the decision, last night's meeting of the council's policy and finance committee heard, with the council to remain landlord.
"We consulted with all of our tenants and leaseholders over these proposals and the overwhelming majority (80%) supported the move to bring the housing management services back in-house," said David Lloyd, district council leader and policy and finance committee chairman.
"We also took this opportunity to ask tenants what was important to them and we will be prioritising these areas when we look to reinvest the savings."
Newark and Sherwood Homes was set up by the council 15 years ago to secure national funding to improve council houses that was not accessible to the council.
Committee member, Roger Jackson, said the company delivered had delivered well over the period and recognised the good service performance, but he accepted is was no longer relevant.
Mr Jackson said: "Newark and Sherwood Homes created a lot of better homes for the district, but I agree we should bring it back in-house."
Keith Girling, committee member, said the company did an excellent job for the council in raising the standards of its housing stock.
"There is a significant amount of money we can save by doing this, which will be piled back into housing and will benefit tenants," said Mr Girling.
"We will continue engaging with tenants as best as we can and make sure they have a real say in their housing stock."