Wednesday, 4 November 2015

£45 Billion Raised From RTB Sales

Pressure is mounting on the government to explain official figures on social housing replacement. It follows publication of research commissioned by the Commons communities and local government committee into the impact of Right to Buy on social housing stock. More than £45bn has been raised in total capital receipts RTB sales up to 2010/11, according to the report. It goes on to say that the number of dwellings owned by local authorities in England declined by 3.4 million in 34 years between 1980 and 2014. This was due “both to the RTB and the transfer of stock from the local authority to the housing association sector.” Download the report from the Parliament website.

No comments: