Karbon Homes Limited Transfer of Engagements (5801M)

TIDM46GV

RNS Number : 5801M

Karbon Homes Limited

24 May 2022

24 May 2022

Yorkshire based housing associations explore transfer of engagements

Board members of two Yorkshire based housing associations, York Housing Association (YHA) and Leeds and Yorkshire Housing Association (LYHA), have agreed to explore a more formal partnership.

The two organisations are now considering a proposal for a transfer of engagements. If agreed, the proposal will see them operating as a new 3,000-home regional subsidiary of northern based housing association Karbon Homes.

The aim of the proposed partnership is to deliver excellent services to customers and to play a key role in shaping places and communities across Yorkshire. The new partnership would create a stronger, more effective organisation, with a continued local approach and understanding of its customer base.

YHA has been a subsidiary of Karbon Homes since 2017 and has already seen the significant benefits of being part of a larger, supportive group. The two organisations have developed a really strong shared culture, values and working relationship.

The support from Karbon has brought increased investment in YHA's homes and services and a growth of its geography across the wider Yorkshire area, with more planned growth in future years. The partnership has also resulted in efficiencies and improved value for money along with higher customer satisfaction for YHA customers.

Both YHA and LYHA will shortly be seeking the views of their customers, colleagues and stakeholders on its proposals. This feedback will then shape the final business plan before being presented to both boards for approval.

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May 24, 2022 05:06 ET (09:06 GMT)