Plans by the Government to extend the Right to Buy scheme
could effectively strip local authorities of their assets and drive a wedge
between councils and the housing association sector, public finance experts have
warned . The Chartered Institute of Public Finance and Accountancy (CIPFA) said
that extending Right to Buy would only deepen the country’s housing crisis and
result in less social housing being built.
In a report examining the impact of extending Right to Buy, CIPFA said
that as local authorities would have to sell high value authority housing to
pay for the scheme it would greatly reduce their ability to retain local social
housing provision. This problem would only intensify unless the Government
guarantees at least one for one replacement for every house sold in the areas
of highest need. Read more on the CIPFA website.
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