Leathermarket JMB, Southwark's largest tenant management organisation, has won a national award in recognition of its pioneering work gaining self-financing status.
The JMB won the innovation award at the 2013 National Tenant Management Awards in Stratford on Avon on Saturday.
“This award is the crowning glory for more than two years' hard work by residents and staff of the JMB and the experts that we’ve had to help us," said JMB chair John Paul Maytum.
“Self-financing is a completely new way of working for TMOs and will allow us to give our residents better planned and better delivered services. This has been a completely new way of thinking, which we’ve had to develop by ourselves from scratch.
“We’ve had lots of interest about this from around the country and the Government is looking to take our model further, so we’re delighted that our achievements have been recognised in this way.”
Self-financing gives the JMB complete financial independence, letting it control the entire £6 million it brings in from rents and service charges. This replaces the traditional arrangements where TMOs received a much more limited allowance from their council.
The at the same awards Southwark Council won landlord of the year for its work in supporting the 13 TMOs in the borough and in helping residents on other estates to become tenant-managed.
SE1's newest TMO is at Styles House in The Cut.