A Labour council hopes its new housing company will be
allowed to buy the authority’s own vacant ‘high-value’ stock, preventing loss
of homes to fund the Right to Buy extension.Oxford City Council announced last
week that it was setting up a new housing company to tackle the high demand for
housing in the city. In addition to building new homes, the authority also
wants the new company to buy high-value council stock which would otherwise be
sold on the market in order to pay the Right to Buy levy. However, it is not
clear if the government will permit this, and the CLG declined to comment. Read
more on the Oxford City Council website.
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