Investment hope for council homes in Stockton

The transfer of Stockton's housing stock to a not-for-profit organisation will lead to millions of pounds of improvements, the council has said.

Tenants have been balloted on the plan to handing over ownership of its 10,500 to Tristar Homes, and 89.6% of those who responded gave approval.

It is hoped that this can now go ahead before Christmas.

Tristar Homes will then be able to spend £140m on repairs and improvements over the next five years.

As a registered social landlord it will have access to funding sources not open to Stockton Council.

Homes which do not already have double-glazed windows will receive them within three years of the transfer, with the oldest kitchens, bathrooms and heating systems replaced within five years.

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