A DISTRICT housing provider has announced plans to merge two of its subsidiaries.
The Community Housing Group (TCHG), which has a combined turnover of £27 million, will bring together Wyre Forest Community Housing (WFCH) and Wyre Forest Sheltered Housing (WFSH) in April, 2015.
Administrative costs will be reduced and governance arrangements streamlined by the changes. Savings made will be reinvested into providing new homes.
Yvonne Leishman, managing director of WFCH, said: “Merging the two housing companies makes good financial sense, ensuring that we can continue to invest in our communities by improving existing services and providing desperately needed new homes for the area.
“The proposal will not have any negative impacts for the company or our tenants and we are delighted to have received such a positive response from the public to the plans.”
WFSH, which provides supported accommodation for older and vulnerable people, was separated from general home company WFCH in 2005 so it could registered as a charity.
WFCH has now gained charitable status itself so the two subsidiaries can be merged.
A community consultation was held with all tenants of both companies and the responses were “very positive”, according to the housing group.