DCSIMG

Housing association plans major upgrade investment

Hugh Clay.

Hugh Clay.

Lune Valley Rural Housing Association has announced plans for a major upgrade of almost 60 of its properties in the next five years.

The proposals, unveiled in the Association’s annual report, are in response to positive feedback from residents who have had work carried out in recent months.

The social landlord, which owns 77 properties across Lancashire and North Yorkshire, provides properties for rent at below market levels and is managed by a committee of voluntary board members.

The annual report reveals an operating surplus of almost £175,000 for the year ending March 31 2014. The Board has taken a decision to invest some of its surplus in planned maintenance.

Hugh Clay, chairman of the Association, said: “The board has agreed to bring forward planned expenditure on improvements and to publish the planned programme of works for the next five years. This will complete the replacement of all kitchens and the windows and doors in all the Lune Valley properties, to be followed by the start of the bathroom replacement programme.”

Tenants and shareholders are being invited to discuss the Association’s plans at its AGM, which is to be held at the Victoria Institute in Caton on July 28 at 12.15pm.

 

Comments

 
 

Back to the top of the page