The Government is pleased to announce that it has reached
an agreement with the National Housing Federation, which will extend Right to
Buy discounts to at least 1.3 million more families across the country.
We want more people to be able to own a home of their
own. The Right to Buy is a key part of this, and has already helped two million
families to realise their dream of home ownership.
Until now, Right to Buy discounts have only been
available to tenants in local authority properties and some former council
properties. Extending these discounts to housing association tenants in England
will end this unfairness, and will deliver our manifesto commitment to extend
the Right to Buy to housing association tenants.
Under the agreement, all homes sold to tenants will be
replaced on a one for one basis, delivering an overall increase in housing
supply. Housing associations have a strong track record in the delivery of new
homes, playing a major role in exceeding the Government’s 2011-15 affordable
homes target by delivering nearly 186,000 homes.
The agreement will mean that the first housing
association tenants will be able to start to buy their homes from next year.
Read more on the Parliament website.
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