Magazine article Public Finance

RSL Non-Housing Spend Still Brings Financial Benefits

Magazine article Public Finance

RSL Non-Housing Spend Still Brings Financial Benefits

Article excerpt

Housing associations can recover much of the money that they invest in local communities, the conference heard.

Mervyn Jones, chief executive of Willow Park Housing Trust, said it had seen a significant return on the millions of pounds that it had spent in south Manchester since inheriting part of the city's housing stock in 1999.

By next year, Willow Park estimates it will have spent about ?45m on non-housing activities over ten years - of which ?16m was funded by grants. But it has also seen an indirect return on about three-quarters of the remaining £29m.

Speaking at a fringe session, Jones said land and property values had risen as a result of job creation schemes and enterprise programmes. This meant the trust received more from asset sales including homes sold through the right to buy scheme.

With more people wishing to live in the area, homes remained empty for shorter periods and the RSL accrued more rent. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.