Enfield Housing Association Approved

A housing provider that could save Enfield Council almost £2 million a year and boost the supply of affordable homes is to receive start-up funding. The council’s cabinet committee has approved a cash injection of £250,000 to get Red Lion Homes (RLH) – a company set up to invest its right-to-buy receipts into housebuilding – underway. As well as increasing the supply of social housing, the company will save the council £1.8 million a year that is currently spent on renting back former council homes to the homeless. The Right to Buy policy has resulted in councils paying private landlords in order to provide accommodation for the homeless. Read more on the Enfield Independent website.

http://www.enfieldindependent.co.uk/news/16171431.Housing_firm_to_boost_homes_supply_and_save_Enfield_Council_almost___2m_a_year/