Homes for Reading

Important update on Homes for Reading Ltd. – February 2024

Following a review of the company’s financial situation, Reading Borough Council is considering whether the company will continue as a separate entity.

Homes for Reading stopped buying new properties in 2019 following a number of changes to the financial context in which the company operates. While the company has continued to provide housing management services to current tenants since that time, these arrangements will need to be brought to an end if a decision is made that the company will cease trading.

All Homes for Reading tenants are now being consulted on the course of action the Council should follow. If a decision is taken to wind up the company, tenants will be allowed to remain in their homes until at least the end of their current tenancy agreement. They will also be provided with support and assistance in finding new accommodation.