Nearly 50 homes have been transferred to the Salford council-owned company Derive Group following a £5.7m loan from the town hall.
The authority is in the process of building the homes on the former Irwell Valley High School site, off Blandford Road, in the Pendleton and Charlestown ward, including 25 apartments and 21 apartments.
Salford’s move is consistent with bosses' long-term goal to bring social housing in the city back into public ownership. Irwell Valley High included the Alan Boyson 'Tree of Knowledge' mural on the gable end of the main school building and was Grade II-listed in 2009 prior to the demolition of the school buildings.
The structure has been retained and incorporated into the gable end of a pair of semi-detached houses. Derive RP will manage 41 of the properties - available through Salford Home Search at either social or affordable rent. READ MORE: Controversial 'Tebay-style' service station on M56 set to get green light READ MORE: The Greater Manchester town undergoing a huge rebirth - could it become one of region's trendiest spots?
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