Dale & Valley Homes

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Stock Options Project

Stock Option Appraisal

You can find out about council housing issues in County Durham and the progress the council is making in their stock option appraisal on this page.

The council owns almost 19,000 homes across Durham City, Easington and Wear Valley. Although they are the landlord one of three housing organisations provide their tenants with housing services on their behalf. The organisations are:

· Dale and Valley Homes - providing housing services to 4,300 tenants living in the Wear Valley area;

· Durham City Homes - providing housing services to 6,100 tenants living in the Durham City area; and

· East Durham Homes - providing housing services to 8,500 tenants living in the East Durham area.

The Council is the largest social landlord in County Durham, owning around 40% of all social housing.

At the end of 2010 the council asked Savills surveyors to look at the condition of their housing stock. Savills found that:

§ The homes managed by Dale & Valley Homes and Durham City Homes have benefited from sustained investment in improvement.

§ The homes managed by East Durham Homes need a lot of investment over the next five years.

§ The council needs to invest around £797 million over the next thirty years. This works out to around £40,000 per home.

§ The need to invest in homes falls at different times over the next thirty years.


EDH
DCC

Information on Stock Options Project

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0800 083 0333/0300 2000 194

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“To provide homes and neighbourhoods that our customers want to live in and are proud to live in.”