Wednesday, 5 April 2017

Tenant Homebuyers Free Up Council Housing For Homeless People

Wandsworth Council has seen a rise in the number of tenants using open market to buy homes, with help from the council’s local scheme. Forty seven tenants have taken up a House Purchase Grant (HPG) from the council in the past 12 months, up from 32 last year, 20 the year before that, and 31 a decade ago. This has saved an estimated £2.8m in temporary accommodation and housing costs, while a further 16 tenants have also expressed interest in an HPG. Wandsworth has also been the pioneers of Right to Part Buy, an innovative take on Right to Buy in the borough, which has been described as “a new form of shared ownership”. Read more on 24housing.

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