EastendHomes quids in with Public Money

A recent FOI request (FOI 12797 Stock Transfer of Housing) has revealed just how much public money Social Landlord Eastend Homes Ltd got when homes & land were transferred (mostly for no cost) during Housing Choice. A waping £107 million from the DCLG was trousered by the council sponsored landlord for transfers between 2005 & 2007

EastendHomes was given money as part of the stock transfer process from the Department of Communities and Local Government (DCLG) through the Transfer Programme fund. This funding was provided to do internal and external refurbishment works to the properties (including decent homes works), undertake various estate environmental improvements and a contribution towards developing new homes on these estates where applicable.

Estate

Transfer date No of Homes Amount £ per home

Mile End

2005 1477 £40,000,000.00 £27,081.92
Holland 2006 401 £15,000,000.00

£37,406.48

Island Gardens

2006 830 £15,000,000.00

£18,072.29

St Georges

2006 484 £27,000,000.00 £55,785.12

Glamis

2007 345 £10,000,000.00

£28,985.51

   TOTALS 3537

£107,000,000.00

£30,251.63

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