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SarahBell

Housing Associations Sell Abroad?

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http://www.insidehousing.co.uk/development/landlord-accused-of-marketing-sale-homes-abroad/6518755.article

A housing association has denied it is advertising homes for sale in the UK to foreign markets – but has not ruled it out.

Notting Hill Housing Trust was accused by former housing minister Nick Raynsford of using overseas markets to promote the sale of homes it is currently building.

Mr Raynsford – the housing minister from 1999 to 2001 – made the accusation in Parliament yesterday during a questions session to the communities and local government department.

Mr Raynsford said: ‘Is the secretary of state aware that Notting Hill Housing Trust, a housing association, is reported to be marketing overseas some of the homes that it is currently building?

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I am prepared to believe it, but Mr Raynsford really needs to provide some evidence.

Put on the internet and its advertising world wide. HA's sell off surplus property. From my own assement, in Peabody Trust case they sell a house in area's that are so expensive they can build several more new builds in cheaper areas (eg, sell in Battersea, build in Croydon)

Edited by Peter Hun

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The only properties I can find for sale by the Notting Hill Housing Trust are shared ownership places.

However, there is an entity called Notting Hill London http://www.nottinghill-london.co.uk/, the private development division of Notting Hill Housing Group (NHHG). The group includes the Notting Hill Housing Trust.

Notting Hill Londons' blurb says "What sets us apart from other developers is our close association with the Notting Hill Housing Trust, which was founded in 1963. Notting Hill Housing is an innovative, well-funded and commercially aware business that successfully competes with the strongest of its private sector rivals.

...

A key part of our strategy is to promote the 'profit for purpose' objective. This means that all profits go back into Notting Hill Housing, so that we can continue to provide affordable homes and services for people who need some help to get on in life."

Notting Hill London did have homes for sale on a site near Regents Park and Camden http://www.nottinghill-london.co.uk/homes-for-sale/detail?id=4 but if you fancied, one they're all sold.

This may be what Mr Raynsford is on about. However, the Trust is not, strictly speaking, building homes and marketing them abroad or anywhere else.

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Put on the internet and its advertising world wide. HA's sell off surplus property. From my own assement, in Peabody Trust case they sell a house in area's that are so expensive they can build several more new builds in cheaper areas (eg, sell in Battersea, build in Croydon)

Very true.

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However, the Trust is not, strictly speaking, building homes and marketing them abroad or anywhere else.

But the close relationships and sub-companies need to have clearer links and finances need to be tracked.

There's a huge debate within the gay community in Manchester about the Pride event that has raised less money year on year because their expenses have grown. The company/charity runs the event through another company whose accounts are not open to any scrutiny.

Bear in mind the NHS will be piece-mealed off and someone somewhere will be profiting massively whilst services are cut.

Is it true in the US that people's tax returns are publicly available?

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But the close relationships and sub-companies need to have clearer links and finances need to be tracked.

There's a huge debate within the gay community in Manchester about the Pride event that has raised less money year on year because their expenses have grown. The company/charity runs the event through another company whose accounts are not open to any scrutiny.

Bear in mind the NHS will be piece-mealed off and someone somewhere will be profiting massively whilst services are cut.

Is it true in the US that people's tax returns are publicly available?

According to the Companies House website, Notting Hill Housing Trust is on the FSA Mutuals Public Register. From that site you can get hold of an entity's public file which includes "..a society’s annual returns and accounts, registered rules and changes to its registered office address".

And on the Notting Hill Housing website there is this information:

"Notting Hill Housing Trust is an exempt charity incorporated as an industrial and Provident Society limited by shares registered in England number 16558R, registered with the Tenants Services Authority (TSA) number L0035.

Notting Hill Home Ownership is an industrial and provident society limited by shares and registered in England number 23066R, registered with the Tenants Services Authority (number SL3119)."

So a bit of ferretting should get hold of any information about them available to the public.

Also, you can get information about Manchester Pride Limited on the Charities Commission website at http://www.charity-commission.gov.uk/Showcharity/RegisterOfCharities/CharityWithPartB.aspx?RegisteredCharityNumber=1117848&SubsidiaryNumber=0

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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