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Housing associations to merge

Created on 28/05/2020 @ 10:38
Mid Wales Housing will soon be merged with a neighbouring housing association after both organisations agreed to move forward on the plans.

At a meeting of Board Members of Mid-Wales Housing Association and Tai Ceredigion Cyf, both formally agreed to proceed with the final business case for a merger.

It will be the first merger in Wales of two housing associations and a stock transfer organisation.

In a joint statement, they said: "The newly-merged association will have 220 members of staff and 4,000 homes spread across mid-Wales from the Welsh borders through Powys and Ceredigion, down to north Carmarthenshire and Pembrokeshire.

"The boards of Mid-Wales Housing and Tai Ceredigion have been in discussions for over two years with the vision to build a strong organisation in the heart of Wales.

"In particular, the boards want to invest more in existing homes; build new homes and influence policy and investment at a regional level and believe that by combining resources and skills, a newly merged housing association will be more resilient and better placed to do this."

Peter Swanson, Chair of Mid-Wales Housing and Vice-Chair of the Shadow Board, said: "This is an amazing opportunity for everyone concerned and we will be working hard to ensure a seamless transition. Our priority is to provide the highest quality bilingual services and support for existing and new tenants and leaseholder residents."

Steve Jones, Chief Executive Designate, was appointed by the Shadow Board to lead the merger negotiations in the summer of 2019.: He said, "The Shadow Board has been working together for over two year,and as a team, we know we can build a stronger combined organisation. We will develop even more affordable homes and provide greater employment and training opportunities for our staff and tenants within the Mid and West Wales region.

Partnership working will bring exciting new opportunities for tenants, residents, employees and local businesses”.

Tenant and leaseholder consultation has been taking place within both associations and the Joint Tenant Panel made up of representatives from TaRF (Mid-Wales Housing’s Tenant and Resident Forum) and TCMG (Tai Ceredigion Monitoring Group) are fully in support of the merger.

Further tenant and leaseholder consultation will be undertaken as the project moves to the integration phase, subject to shareholder and lender consents being sought and received.

The merger is expected to be completed in the Autumn.
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