Updated 25.04.14
Gloucester City Council Get Green Light for Stock Transfer
The Government has given the go-ahead to transfer the ownership of the Gloucester City Council's housing stock to a new landlord.
It means that council tenants in the City will now be asked to have the final say on whether they want Gloucester City Homes - which currently manages all of the stock of 4,800 properties on behalf of the council - to become their new landlord.
The stock transfer has been unanimously supported by the City Council subject to the Government 'writing off' outstanding council loans used to fund housing work in previous years.
The plans have been subject to close scrutiny by government officials and ministers before their final approval was given.
Tenants will be asked to vote on the transfer later in the summer.?
