The sale agreement extends the existing partnership between the two housing providers, which already provides nearly 100 affordable homes in the eastern region, and will provide CHP with funds it intends to put toward providing more “high-quality affordable homes” in the area.
As part of the agreement, CHP will continue to provide management services for the 47 homes being transferred to LGAH. Owners living in these properties have been consulted about the transfer, and they will not see any changes to how their home is managed.
CHP is one of 14 organisations nationwide chosen to manage properties built by LGAH.
CHP took management of its first LGAH properties in January 2020, and the relationship has grown rapidly since.
The 100th property is due to handover from LGAH to CHP later this month, adding to the portfolio of homes across Thurrock, Southminster, Harlow, Chelmsford, and Bury St Edmunds.
Carl Hockey, Growth and Partnerships director said: “We’re delighted to have completed the transfer of these properties and to extend our existing partnership with Legal & General Affordable Homes.
“This agreement will support our commitment to investing to meet the current shortfall in affordable housing across our region.
“Our existing customers living in these properties will continue to benefit from the high level of customer service we provide.”
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