The Deputy Leader of the Council and Cabinet Member (Health and Wellbeing) submitted a report to update Cabinet on progress regarding the viability of Springs Tenant Management Organisation becoming a standalone housing association through the undertaking of a small scale transfer.
Delegated decision:
That approval be given to continue to support the work on the transfer proposals.
Reason for the decision:
This decision will allow the continuation of a long standing piece of work which would ultimately support SpringsTenant Management Organisation to become independent housing association.
Other option considered and rejected:
Do nothing. This would prevent Springs Tenant Management Organisation fulfilling its ambitions to obtain full independence from the Council.