Bury looks to finalise Six Town shutdown
Summary
Bury Council is set to approve the transfer of Six Town Housing’s remaining stock into the council’s Housing Revenue Account, following a strategic review that concluded the commercial and regulatory risks of continuing the subsidiary were too high. The proposed approach excludes Sherborne House, where the council will seek a registered provider to take on the lease for supported accommodation.
Why it matters
This is relevant to surveyors because it involves the restructuring of a social housing portfolio and the future management of council-owned residential stock. It also highlights how regulatory and operational risk can drive changes in ownership and management arrangements for supported and general needs housing.
Key points
- Bury Council plans to wind up Six Town Housing and transfer its stock into the council portfolio.
- Campbell Tickell advised that the preferred option is transfer into the Housing Revenue Account.
- Sherborne House is being treated separately due to its supported accommodation use.
- The portfolio has reduced to 115 properties, including general housing, extra care and supported housing.
- Alternative options considered included transfer to another registered provider or disposal of the stock.
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