Tenants on the Aylesbury estate in south London have given preliminary support to a radical combination of stock transfer and arm's-length management.
The board of Aylesbury New Deal for Communities has been investigating ways to regenerate the estate since tenants rejected transfer in 2001. It commissioned consultant Ernst & Young to do further research on the proposal.

Ernst & Young presented the plan for a "regeneration trust" to residents last month (HT 11 July, page 11).

The model would include:

  • an arm's-length management organisation to manage the estate and access funds for renovation
  • the transfer of all vacant properties to a housing association, which would take on any new tenants
  • a new development on land left free by demolishing walkways.

The estimated cost of works is £125m. Ernst & Young's research is due back by the end of September.

Source

Housing Today