Friday, 10 January 2014

Right to Buy Changes Could Leave Areas with Less Affordable Housing

Council leaders have criticised the Government's latest changes to the Right to Buy scheme, saying the Coalition's centralised approach could leave some areas in need of affordable housing with fewer properties, not more. The Local Government Association claims the Government has "missed an opportunity" to ensure it delivers investment in new housing. A spokesman said: "A centralised Right to Buy cap fails to take into account local housing demand and the cost of building new homes. As the level of discount may not leave enough funds to build a replacement home, some areas in need of more affordable homes may actually be left with fewer. The LGA also argue that councils should be allowed to keep 100 per cent of the receipts from Right to Buy sales if they agree to use it for a replacement dwelling, saying it is crucial that funds are re-invested in house building as quickly as possible. Read more on the Housing Excellence website.


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