New landlord set to launch
The merger of Shoreline and Boston Mayflower will officially go ahead this spring to form new 12,700 home landlord - Lincolnshire Housing Partnership – known as LHP.
Following due legal process, a second confirmatory vote has given the green light for the new landlord to launch on 3 April 2018.
Following thorough independent evaluation and consultation with tenants, employees, partners and the wider community, the boards of both organisations separately agreed to bring the two housing providers together.
The merger has been both supported and approved by North East Lincolnshire Council as well as 66% of Shoreline customers who expressed their view.
The new organisation will have 360 employees and own and manage over 12,700 homes.
LHP will benefit from an additional £50m spending capacity, which it has pledged to use to provide at least 60 extra new homes in Lincolnshire each year enabling it to house an additional 4,000 people over the next 30 years.
The rights, rents and tenancy and lease agreements of both Boston Mayflower and Shoreline residents are unaffected and further details will be sent directly to tenants over the next few weeks.
Stephen Savage is the new LHP chair while Murray Macdonald has been appointed as LHP chief executive.
LHP chief executive Murray Macdonald said: “We’re looking forward to officially launching LHP, building on the best from both organisations and delivering enhanced locally-based services throughout Lincolnshire to benefit residents and the communities we serve.”
LHP has pledged its commitment to tenant engagement, including an enhanced role for both tenant scrutiny panels and continued tenant involvement mechanisms.
LHP will be a charitable community based organisation that channels profits back into services and projects that benefit tenants and local neighbourhoods.