Greg Clark has confirmed that housing associations will
be able to keep money raised through Right to Buy at a debate on regeneration
hosted by The Hyde Group. Mr Clark told an audience of senior housing industry
leaders that housing associations would keep the receipts in ‘cash’ rather than
grant form. He said that the entire UK housing industry had a responsibility to
work in partnership to solve the housing crisis and he promised to give housing
associations an ‘enriched’ role. He told the audience that housing associations
had a ‘standing army’ of developers with the energy and expertise to deliver
major building projects, as well as the care, sensitivity and local knowledge
to look after existing tenants and keep local communities on side. Read more on
the Hyde Group website.
