This item was published during the term of a previous administration that ended in April 2007
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Inverclyde tenants vote for stock transfer
01/12/2006
The result of a ballot among council house tenants in Inverclyde has come in favour of stock transfer into community ownership.
Communities Minister Malcolm Chisholm said:
"I am delighted at this landmark decision by Inverclyde tenants. It will see thousands of local people and their families benefit from £50 million of new investment which will improve and upgrade their homes.
"It means rent guarantees, with 40p in every pound they currently pay to pay off old debt being used instead for much needed improvements in their homes. It also means 1,000 new affordable homes for rent.
"Perhaps even more importantly, it gives tenants a direct and much stronger say in shaping the future of their neighbourhoods. That is what the Community Ownership programme is all about. This is a brilliant result for tenants and a huge step forward for the regeneration of Inverclyde."