Achilles' residents vote in favour of estate regeneration
After months of work, the ballot result came through today with 73% of residents voting 'YES' on a 92% turnout, which is huge. What they voted for is a new scheme where they will get a guaranteed new home at the same rents as now. Leaseholders will get a 10% on top compensation rate of the purchase price and to invest their equity into a new home onsite and pay no rent. People living in temporary accommodation on the site will get a new lifetime tenancy in a new home onsite.