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Small housing association merges with English Rural Housing Association
A small Cambridge-based landlord has become part of the English Rural Housing Association.
All 62 homes owned by The Cambridgeshire Cottage Housing Society (TCCHS) will now fall under the English Rural group, which owns around 1,300 properties spread amongst 130 UK villages.
TCCHS was formed in 1938 with the purpose of saving older, rural cottages from demolition.
As a result, the organisation, which later became a registered provider of social housing, owns a number of Grade II-listed properties.
Martin Collet, chief executive of English Rural, said the landlord’s business strategy includes “working to support smaller rural housing associations to make sure that they are secure, well-run and able to deliver on a shared mission”.
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“The need for affordable rural homes is greater than ever, and maximising investment in new homes through mutually beneficial collaboration and partnerships is an important part of the solution,” he said.
Mr Collet said the merger with TCCHS will enable the organisations “to better apply our collective resources towards the shared purpose of building and managing affordable rural homes”.
The new arrangement improves overall operational performance and secures better value for money for both organisations by capitalising on English Rural’s skills and experience, he added.
English Rural has a development programme of over 250 affordable homes.
Gemma Bell, a partner at Devonshires who advised on the merger, said: “We are delighted to have been able to assist with this important merger that will see more affordable housing provided for families in rural areas.
“English Rural and TCCHS carry out vital work in communities where many local people have difficulty in finding an affordable home, so we are proud to have been able to help make this merger happen.”
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