TMO launch stock options review

The Tenants Consultative Committee in January saw the launch of a twelve-month consultation on the Stock Options debate.

We are starting this now because once the Decent Homes programme ends in 2008 we will need to find the best way to continue funding the essential maintenance and improvements to tenants and leaseholders’ homes.

The £43.3m that the TMO received in 2003 has so far enabled us to install 995 new kitchens, 900 bathrooms, 283 front doors, 547 central heating systems and carry out 1297 electric rewires, to bring all our Council housing up to the Government’s Decent Homes standard.

However, it looks extremely unlikely that the Government will be handing out any more money.  They believe it’s up to local authorities and ALMOs to investigate alternative sources of funding.

That is why we need to examine the options that are open to us and see what is the best way forward is for Council, the TMO but most importantly our tenants and leaseholders.

Over the next twelve months, there will be opportunities for all our residents to learn more, ask questions, give their views and get involved.  Details of the consultation will appear on our website, in TMO Link magazine, be available through Residents’ Associations and we will hold information meetings.