Friday, 18 September 2015

What Happens If You Force Councils To Sell Low Rent Homes?

The proposal to extend the Right to Buy to housing associations has been widely. But the way the policy is funded is probably the most destructive part of the housing measures introduced in the Housing Bill and the Comprehensive Spending Review.  The proposal is to fund RtB discounts by forcing local councils to sell their more valuable council homes. Most directly affected will be the expensive areas where councils will be forced to sell the most homes. But lots of less expensive areas will also be indirectly affected by the subsequent influx of lower income households displaced by the shortages of affordable homes. The government has not said exactly which areas will be forced to sell most homes, but using publically available data Shelter have made a nationwide estimate of the number of homes that every council will be forced to sell. Download the analysis and figures from the Shelter website.

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