SLH is known as a stock transfer housing association following a decision by SLDC to transfer the council's housing stock. This followed a recommendation by the Tenants' Committee using the results of a stock condition survey which showed that around £188 million needed to be spent on council homes, estates and services over 30 years to bring them up to the standard tenants wanted.
During October and November 2011, SLDC formally ballotted tenants on transferring the ownership and management of homes to a new style SLH. The results were announced on 11 November 2011. Of the 3,763 eligible voters, there were 2,503 votes cast (66.5% turnout). Of the 2,487 valid votes (16 spoiled papers), 2,102 voted 'YES' (84.5%) and 385 (15.5%) voted 'NO'.
The transfer took place on Monday 5th March 2012 following approval from the Tenant Services Authority and agreement by the Secretary of State. SLH signed a Transfer Agreement with SLDC which commits SLH to delivering the promises made to tenants in the 'Formal Consultation: Offer Document'.
Offer DocumentSize 5424Kb. Download time 18 mins 4 secs over a typical dial-up connection.