Housing associations will repay government grant from
Right to Buy homes if they fail to replace properties sold in three years,
under a sector proposal. Details of the National Housing Federation (NHF) offer
to government to escape legislation to implement the Right to Buy reveals
measures designed to encourage landlords to replace homes sold under the policy
or else face repaying government grant. Under the proposal, all proceeds from
the sales would be expected to be spent on building a new home, or in
“exceptional” cases buying new property within a maximum of three years. However,
only the grant that was originally provided to build the sold home would be
returned to the government if it was unspent within the three-year period.
Download the proposal from the NHF website.
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