A new right will give social tenants the power to boost
house building in their area, says Mark Prisk.
The new right lets social tenants who want to see their homes owned,
managed and maintained by a housing association rather than a council request
for a change of ownership, with councils required to consider the merits of
every request. As part of the deal,
housing associations will need to clearly show how it will offer value for
money for taxpayers, as well as how it will lead to the building of new
affordable homes and the improvement of existing stock. Where these key measures could be met, Mr
Prisk said deals could be backed with a share of up to £430 million of
government funding to cover costs related to the transfer. Read more on the Gov.uk website.
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