Government Rejects CLG Committee Recommendation On Right To Buy

The government is sticking with its plans to make councils sell off their higher value assets to fund housing associations’ Right to Buy. In a report out last year, the CLG Committee made a recommendation that government should fund the ‘public policy’. However, the government has rejected that, saying “we made a clear commitment” to fund the policy by “requiring councils to manage their housing assets more efficiently, with the most expensive properties sold off and replaced as they fall vacant.” The government also hit out at the “£200bn of value locked up in council housing”, saying it “makes no sense for a local authority to keep hold of higher value vacant council homes when it could sell them to fund additional housing”. Read more on 24housing.