Following a Board meeting on Monday 14th May the Board of LJHA have confirmed that High Moor Close will not be put up for sale. For a number of reasons, the Board have now agreed to instead undertake a phased refurbishment programme over four years.
The decision to cancel the sale of High Moor Close comes due to four major factors:
- Firstly, LJHA are now part of procurement frameworks where we are able to obtain rates for parts at the same prices as larger associations, meaning refurbishment will be cheaper to undertake.
- LJHA also received significant funding from a Charitable Trust.
- The Government have now confirmed that the rent reduction will stop in 2020 and will revert back to annual increases, meaning our revenue will increase.
- Finally, ongoing feedback from tenants of High Moor Close, expressing they want to remain with LJHA, and remain at High Moor Close has played a part in the decision that has been made.
LJHA will commit to this decision by beginning refurbishment work within this financial year with a window replacement programme. All windows in all flats will be replaced. All High Moor Close tenants will be updated as and when we have updates to provide on the progress of the refurbishment work.
A full plan for the works to take place over the next four years will be published.