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The move to City South Manchester Housing Trust (CSM) will see a massive £92 million spent on improving every home as well as the surrounding environment.
The former council homes in Fallowfield, Hulme, Moss Side and Whalley Range will see a range of developments in coming years. Improvements include new fitted kitchens, bathrooms and double-glazing as well as new electrical fittings where needed.
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Every home will enjoy at least one major improvement in the first two years.
Multi-storey blocks will also be transformed into modern-looking apartments with external facelifts.
Streets and open areas around the homes will be boosted with £7 million of improvements with local residents and tenants deciding the best way to spend this money.
Councillor Paul Andrews, Executive Member for Neighbourhood Services for Manchester City Council said: "This transfer will see the improvement of thousands of homes and the local environment which is excellent news for all of the residents. Tenants will keep their security of tenure and all their other main rights. Tenants' representatives will take seats on the board giving local people a big say in how their homes are run and improved."
(CD/JM)
