The Housing Corporation has directed Black Roof Community Housing Association (BRCHA) to transfer its land to ASRA Greater London Housing Association (ASRA).

The transfer follows a statutory inquiry which found mismanagement in BRCHA's affairs.

The transfer, which has received the consent of the Secretary of State, was agreed at the Corporation's Board meeting on 29 April.


The Corporation's Board decided that the management of BRCHA's land would be improved by a statutory transfer to ASRA. A statutory transfer would protect the interests of BRCHA's tenants and leaseholders and bring certainty and security in the long term. It would ensure that the substantial sum of public funds invested in BRCHA is, and remains secure and protects the interests of other key stakeholders.

Peter Marsh, Deputy Chief Executive of the Housing Corporation, said: "We are aiming to now complete this transfer within four weeks. Whilst this is a relatively tight timetable, we believe it is achievable if all parties show goodwill and co-operate to achieve an orderly transfer."

(CD/JM)