Progressive landlord ForHousing has bought four flats in Salford to enable tenants to stay in their homes.
Tenants living at Grange Place in Cadishead were at risk of having to leave the flats after a five-year lease arrangement came to an end. ForHousing had been managing the homes for a private owner as part of a lease and repair scheme, which was funded by Salford City Council in 2015 and designed to bring empty properties back into use for social housing.
At the end of the five-year period, the flats reverted to the owner, who was interested in selling the properties. ForHousing has now stepped in, spending more than £375,000 on buying the homes off Liverpool Road.
This means tenants can stay in their homes at an affordable rent, rather than the properties being sold on the open market and each tenant has benefited from their rent being reduced by about £13 per week as a result.
ForHousing has also become freeholder to a fifth owner-occupier apartment in the complex.
Nigel Sedman, Group Director of Homes at ForHousing, said: “We are really pleased to have been able to secure these homes for the existing tenants through our investment in Grange Place and to avoid having to uproot people from their homes.
“In keeping with our commitment to ensuring everything we do is for the good of tenants and communities, we have refurbished the apartments to a high standard, and following the purchase we have been able to save tenants money by moving them onto a lower, affordable rent.
“ForHousing prides itself on offering quality homes and places that make more things possible for more people. We hope everyone living at Grange Place will continue to enjoy their homes for years to come.”
Header image is an external shot of the refurbished apartments on Grange Place.
