Tuesday, 17 April 2018

Council To Set Up Housing Association For Right To Buy Funds

Enfield Council is set to establish a housing association to spend funds it receives from council tenants exercising their Right to Buy. The Council is expected to vote in favour of lending £250,000 to Red Lion Homes to cover start-up costs and transferring sites to the new association, which aims to provide 500 homes in six years. The council first approved the idea of setting up a housing association in November 2015, as a way of spending the £154m of Right to Buy receipts it has to spend between 2018/19 and 2022/23. Read more on Inside Housing.

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