Edinburgh Sucks! | Council rents will rise by 40% after transfer

City Council

Council rents will rise by 40% after transfer

By The Basa ⋅ November 1, 2005 ⋅

True Stories As has been reported before in the local press (click here) the council are bullying their tenants into the upcoming stock transfer.

What they don’t tell you in the spin is that in fact all council rents WILL increase by 40% on the day of the transfer. We don’t use any fuzzy maths at all to come up with this figure. All we use is exactly what the council says.

The council’s own figures state that 40p in the pound goes to repay the housing debt. So think about that. If 40% of every council house rent in the city goes to pay the housing debt, and all that debt is going to be written off if the transfer goes through and finally the council have told us that rents would be frozen for 5 years after the transfer.

Taken from City of Edinburgh Housing Association website at http://www.ceha.org.uk/webpages/info_FAQs.php
If the transfer goes ahead, the Government will write off Edinburgh’s housing debt and CEHA will start with a clean slate. At present about 40p of every Â£1 goes toward repayments of the debt.

So in essence, council house rents will rise by 40% if the stock transfer goes through.

No fuzzy maths and no accountant needed. It is just a fact! So will that 40% be the money that will be used to give the board of the proposed new housing assocation the huge personal cash influx they are looking forward to.

And one other thing to remember the Glasgow Housing Association is fighting against European rules that could put foreign firms in charge of Glasgow council homes. For example, A Polish plumber could win a contract to install new bathrooms in Castlemilk.

Thanks to IL

More Info: Chisholm joins fight to keep local control on housing