TWO of the region’s largest housing groups that are planning to form a new partnership have been given the green light to merge.
Fabrick Housing Group and Vela Group have officially revealed Thirteen Group, the name for the new organisation when they form a new group structure of more than 32,000 homes including homes in Hartlepool, in April.
The move means current parent companies Fabrick and Vela will merge to become parent company Thirteen - and their partner companies, Erimus Housing and Tees Valley Housing in Fabrick and Housing Hartlepool and Tristar Homes in Vela, will remain as separate organisations in their own right but will become part of the larger group.
Residents will not directly be affected. Their landlord will continue to operate as usual - but with promise of an “improved quality and extent of services”.
Alison Thain, current chief executive of Fabrick Housing Group, is chief executive designate of Thirteen Group, while Cath Purdy, current chief executive at Vela Group, is chief operating officer designate.
Cath Purdy said: “We are creating a more sustainable organisation so that we can harness additional capacity to better serve our customers and communities by enhancing services and adding value.”
They have been given the go-ahead from the Homes and Communities Agency.