Pensioner Units to Be Sold to Social Housing Providers

27 November 2014

At its meeting today, Hamilton City Council resolved to sell its pensioner housing to social housing providers with an amendment that reflected greater certainty for existing tenants.

After considering community feedback, the Council agreed that the pensioner housing units will not be sold on the open market, and instead only be offered for sale to social housing providers.

Conditions of any sale will be that existing tenants are able to remain within the pensioner housing portfolio indefinitely and that the units remain as social housing for the next ten years.

Social housing providers will have six months to express interest in purchasing the housing portfolio from 15 February 2015.

The pensioner housing units will continue to be managed by the Council until a sale is completed.

The Council will contact its pensioner housing tenants this week to advise them of the decision and answer any questions they may have.

The motion was passed 9-3 with Councillors Yeung, Gallagher and Wilson voting against. Councillor Macpherson was absent from the meeting.

ENDS

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