Another real interest story of the star.

CITY WEST HOUSING TRUST MAKES £15M SURPLUS AND RETREATS FROM SOCIAL RENT IN SALFORD

Star date: 8th September 2016

SALFORD HOUSING TRUST HEADS TOWARDS MARKET RENTS

New draft accounts for City West Housing Trust show that the `community benefit society’ made a £15.2million surplus in the year 2015-16, up from £14.7million the previous year, and paid one of its directors over £133,000, while increasing service charges to tenants.

The accounts also show that City West is moving away from providing social rent properties to the more expensive `affordable‘ and `market’ rent properties, as it seeks to “maximise returns on assets“.

Full details here…

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