Quote:
Originally Posted by gynn
On the question of who owns the ex Council houses, the housing association (Contour) 'owns' the houses in the same way as you or I 'own' our house as long as we repay the mortgage on it. If we don't keep up the payments, it gets repossessed.
The housing association sought funding from private sector institutions when it acquired the houses, and is repaying the 'mortgage' over 30 years.
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The properties are owned by Hyndburn Homes who are an independent Housing Association and charity (Industrial and Provident Society). Check the accounts, the properties are on the Balance Sheet.
HH has its own Board consisting of tenants, independents and council representatives. It is part of the Symphony Housing group which was formerly the Contour group, of which HH was part and the Vicinity group based in Liverpool.