Voluntary Right To Buy Pilot Cash Was Redirected To ACM Fund

Ministers redirected cash set aside for the regional Voluntary Right to Buy (VRTB) pilot to pay for the removal of dangerous cladding from private sector blocks amid unexpectedly low demand. Launched in August 2018 for housing associations across the Midlands, the VRTB pilot was tied to £200m of funding predicted to pay for discounts on around 3,000 sales. But a recent Freedom of Information response from the MHCLG said: “The applications and sales progressed more slowly than expected, and the level of dropout was higher than was forecasted, which meant that there was spare budget in 2019/20. “Ministers decided to allocate some of that budget to urgent priorities, including the Private Sector ACM [Aluminium Composite Material] Cladding Remediation Fund.” Read more on Inside Housing.

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