Potential new housing partnership
Bolton at Home has made an offer to Arcon Housing Group to join them in a group structure, which Arcon Housing Group has accepted. Both parties are now looking to make that a reality as it will support their joint plans to increase housing supply in the north-west.
The discussions are in their early stages however the Boards of both of the Greater Manchester housing associations have given their support.
In a joint statement, Jon Lord, CEO of Bolton at Home Limited, and Bernard Gallagher, CEO of Arcon Housing Group, said: “The coming together of our housing associations will further increase the supply of much-needed homes for both rent and affordable home ownership, and support our collective ambitions to broaden our housing offer. We will of course continue to focus on delivering high quality services to our tenants.
“This strategic partnership has mutual benefits and plays to our respective strengths. Both our organisations are top rated for robust governance and financial stability. We are both already working together as part of the Greater Manchester Housing Providers’ Group and are ambitious to jointly deliver the new homes our region needs at even greater pace than we may be able to do individually.
“The new formed Group’s development programme would enable its specialist development team to deliver more than 1300 homes by 2023.”
Jon Lord added: “The benefit for Bolton tenants is that this will make Bolton at Home financially stronger while maintaining the current level and range of services. This means we will be in an even better position to provide new homes and employment opportunities to the Bolton community.”