Wednesday, 9 September 2015

RTB Extension Could See 145k Association Homes Sold

The Chartered Institute of Housing has estimated 145,000 housing association tenants will exercise the Right to Buy over the next five years. The claim was made in the Chartered Institute of Housing’s (CIH) submission to the CLG Committee inquiry into the viability and sustainability of housing associations. “Our initial analysis of Right to Buy [RTB] is that about 1.45 million tenants will be eligible and about 10% will exercise the Right to Buy in the first five years,” said John Perry, CIH policy advisor. “This is based on experience with local authority Right to Buy in the 1980s, taking into account that the proportion of housing association tenants in employment now is a lot lower than was the case with council tenants then. Read more on Inside Housing.

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