Friday, 26 May 2017

Less Than Half Of Right To Buy Replacements Are For Social Rent

Less than half of the council homes built to replace those sold under the Right to Buy are at social rents. Since 2012, councils have been allowed to keep a portion of the receipt from a Right to Buy home to build a replacement, with a total of 10,644 started so far against 51,352 sales. But Freedom of Information Act responses from 111 councils – 75% of those building replacements – showed only 48% (3,962) of the 8,109 new homes they had started were at social rents. Read more on Inside Housing.

No comments: