Friday, 17 April 2015

HAs Say They'll Sue If Tories Force Them To Sell Off Homes Under Right-To-Buy

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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