We are Wales’ first tenant and employee mutual housing association.
Merthyr Valleys Homes (MVH) was established in 2009 as a result of tenants voting to transfer their homes to a new not-for-profit organisation. We own and manage over 4,200 homes across the borough.
Our first five years were dedicated to achieving the promises that were made to tenants upon transfer, and also achieving our Welsh Housing Quality Standard (WHQS) targets. In 2014, we started to look at the future of our organisation, and how we wanted the organisation to develop in the coming years.
Merthyr Tydfil is a town with a history of heavy industry and collective struggle, where working communities took pride in where they lived. We have always listened to and involved our tenants and employees, but our Board wanted to take this a step further and opted to develop a new governance model where we could empower our tenants and our employees by allowing them to become Members. In turn, this would give them a real say, and they could play an important role in decision making and setting the direction for MVH.
As a result, on 1st May 2016 we transformed into a mutual housing association, and are the first in Wales to allow both our tenants and our employees the opportunity to become a Member, and own a share in the organisation.
MVH is a registered Society under the Co-operative and Community Benefit Societies Act 2014. Our purpose is to carry on business for the benefit of the community. We are a charity, and within our Rules we have charitable aims. We are not a registered charity with the Charity Commission, but we have charitable status for tax purposes. The Welsh Government regulates housing associations in Wales, and we are a Registered Social Landlord.
Our purpose is to carry on business for the benefit of the community.
Yfory sets how, through our collective ambition and endeavour as Wales’ first tenant and employee mutual, we want to shape our tomorrow and together, make it a better place.
Yfory sets our values. It is our vision and the start of our planning our mutual future.
We officially became a mutual organisation on 1st May 2016.
On this date, all those who had previously expressed an interest automatically became a member.