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Cordale and Caledonia Partnership
A Special General Meeting of Cordale Housing Association was held on Thursday, January 30, 2014 at the Vale of Leven Academy, Alexandria. The meeting was attended by 90 members of the Association.
The purpose of the meeting was to consider a proposal to adopt new Rules which would enable Cordale to enter a partnership with Caledonia Housing Association.
Following presentations and a question and answer session, members gave their strong backing for the proposed partnership, with almost 93% voting in favour of the proposal.
Through the partnership, Cordale’s serious financial problems will be addressed, allowing Cordale to remain as a registered social landlord. Cordale will continue to provide all its services through locally based staff in Renton. Caledonia will provide support and training to Cordale’s Management Committee to strengthen the governance and accountability of Cordale. The Partnership will also unlock Cordale’s current development sites in Alexandria and Renton. This will enable new houses to be provided, and the regeneration of the area to continue.
Cordale and Caledonia will ensure that tenants and members are kept fully informed as the Partnership arrangements are put in place. It is our intention to provide fuller details through a newsletter in the near future.
There are a few remaining consents from lenders and the Scottish Housing Regulator which will be secured in the coming weeks. We envisage the partnership will be formally and legally registered by the end of March.
Isabel Barr, Chair of Cordale said, “The Management Committee thanks Cordale’s members for their support. We also want to thank the staff of both Cordale and Caledonia for their hard work in the last few weeks in explaining issues to members and tenants, and for organising the SGM.”