Thursday 14 December 2017

Government’s Own Figures Add Up To Councils Keeping RTB Receipts

CIH is citing the government’s own figures add up to councils keeping all right to buy receipts to build affordable homes – rather than being forced to hand over a proportion to the Treasury. Figures newly released by the CLG show 2,558 homes were sold by councils through the right to buy scheme in England in July to September 2017, while only 744 were started or acquired to replace them using the receipts. Since right to buy discounts were increased in April 2012, 60,423 homes have been sold, while only 14,736 have been started or acquired to replace them. Read more on the CIH website.

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