The 1997–2010 Labour Government wished to move council housing away from local authority management. At first, this was through Large Scale Voluntary Transfers (LSVT) of stock from councils to Housing Associations (HAs). Not all council property could be transferred, as in some local authorities, their housing stock was in poor condition and had a capital value less than the remaining debts from construction costs—in effect, the council stock was in negative equity. In some local authority areas, the tenants rejected the transfer option.