Cloch tenants have voted “Yes”, to separate from Oak Tree Housing Association and restore their status as an independent Housing Association.
The next stage will be for Cloch to call a Special General Meeting, where the Cloch membership will be asked to vote on the proposal and adopt a new set of Model Rules with no Parent, (OTHA) inclusion.
A robust Options Appraisal with both governing bodies explored a range of opportunities and possibilities, however the preferred option supported by both Boards, was to separate whilst continuing to share services where practical and appropriate.
Cloch have thanked Oak Tree Housing Association for allowing Cloch to flourish over the years when faced with potential merger. Cloch’s future is a result of Oak Tree stepping in and providing security at a time when it was needed, and then stepping back out when the time is right. This has allowed the assets of Cloch and its communities to remain with Cloch and its communities.
Sharon Tritschler, Chair of Oak Tree said, “The separation of Oak Tree and Cloch will mean that both organisations can focus on being the best they can be for their own tenants and customers. The Oak Tree Board and staff team wish Cloch continuing success, as a local community based independent Housing Association.”