'Our job isn't done, but I'm sure this will be welcomed by families desperate to find a place to call home'
manchestereveningnews.co.ukMore of Salford’s social housing is being moved into public ownership with 56 properties transferred to the city council’s property company.
The authority’s property and regeneration committee approved the move for the properties at the former St Luke’s school site in the Weaste and Seedley ward on a 1,000-year lease for social and affordable rent.
A further 12 properties at the site were granted the same length of terms lease for shared ownership. The low-energy homes are currently under construction but are near completion and will be managed by Derive Group, which is wholly owned by the council.
Councillors also approved a loan of £6.5m to Derive RP to fund the acquisition of the 56 homes and a further £2m for the purchase of the shared ownership properties.
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