The move has been agreed by the committee of management of Tenants First with a view to opening new opportunities for both parties.
Confirming that talks have begun, Tenants First Chief Executive Sandy Murray, said:
“Our committee of management have agreed that we should enter into discussions with Sanctuary Group to look at ways that we can work together.
“The aim is to benefit from the strengthened resources, in a way that will enable us to take on further development opportunities in the future. This is necessary if we are to continue to grow and develop Tenants First for the benefit of current and future members and to help meet the pressing need for affordable rented housing.
“The two organisations have many shared values. Both Tenants First and Sanctuary are focussed on delivering quality and affordability in housing and social care. Both organisations are run on a not-for-profit basis, with any surpluses being reinvested in developing services, new developments or existing properties.”
Tenants First Housing Co-operative, based in Aberdeen, is Scotland’s largest housing co-operative with 1,413 properties in Aberdeen, Aberdeenshire, Angus and Glasgow. It is owned and run by its members for the benefit of members.
Tenants First is currently releasing the first affordable homes at Donside, in Aberdeen. Being constructed on the site of the former Donside Paper Mill, Donside is a mixed-tenure development of 283 homes.