The merger plans would mean SDR and its 357 homes in the South West of England joining the Places for People Group in the coming months.
The merger plans are subject to a six-week consultation with tenants, who will all receive an information pack from SDR shortly with more information on the plans, and guidance on how they can share their views.
Greg Reed, Places for People Group CEO, said: “The need for affordable housing is greater than ever and we absolutely must protect it in the best way we can so people everywhere in the country have somewhere to call home.
“Having affordable housing in areas such as South Devon is so important in ensuring people are not forced out of living in rural communities, particularly when this is where they have built a life. This merger would allow us to commit the resources needed to protect and build upon the great work South Devon Rural has done since it was established in 1958. We want to work together to create opportunities for delivering more new affordable homes in this part of the country”.
Christine Candlish, CEO of South Devon Rural, said: “We have a long and incredibly proud history of providing the affordable homes that people need in South Devon and the wider region, supported by our dedicated and hardworking staff. Our focus has always been on doing the best for our communities and our customers and this merger would help us to sustain and expand that mission.
“This partnership would enable the level of investment required to ensure our existing homes continue to be maintained to the very best standard and that more much-needed affordable homes can be built here in the future. We understand that change brings questions, and we’re committed to transparent communication with our tenants, who will be able to play a full part in the upcoming consultation process”.
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