Housing associations set to be crippled by Conservative
plans to extend the right-to-buy policy will launch a legal challenge against
the move. The Tories have announced that they will force housing associations
to sell off homes at a fraction of their value despite warnings that the policy
could cause the not-for-profits to go bankrupt. Because housing associations
are private not-for-profit businesses, forcing the sale of homes at below
market value could potentially breach Article 1, Protocol 1 of the European
Convention on Human Rights, which gives everyone the “right to the peaceful
enjoyment of one’s possessions”. Industry sources also say charity law would
have to be changed to accommodate the move because charities, including many
housing associations, are generally prohibited from selling off their assets at
below market value. Read more on the Independent website.
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years after law was passed
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