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A £183m council housing investment has been agreed

by Paul Addison on March 9, 2017 No comments

A £183 million investment has been agreed by the Birmingham City Council to put into its council housing. 

A £168.626 program has been approved by the council’s cabinet for investment into Its stock of council properties

On top of this a £14.797 million investment has gone into other programs such as:

  • adaptations,
  • clearing,
  • redevelopment costs.

The above come as part of a total housing investment capital fund, with a budget of £358.969 million.

Peter Griffiths, Birmingham City Council’s cabinet member for housing and homes, had the following to say:

“We currently own and manage 62,616 homes properties and have made substantial improvements to thousands of our properties over the last few years. The average age of our properties is approaching 70 years, so investing in our stock is essential in order to safeguard its condition. The program for 2017/18 to 2019/20 forms part of a continued program of investment.”

Additionally, he mentioned that the money would be used to update the already existing stock.

A continued 1% decrease in rent in line with the government’s new rent policy has similarly been approved by the cabinet.

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Paul AddisonA £183m council housing investment has been agreed

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