Property News · February 10, 2016

MPs slam funding plans for right to buy


Commons committee report says “extremely questionable” model forcing councils to sell properties will reduce stock of affordable homesThe government is relying on an “extremely questionable” model to fund the extension of the right to buy to housing association homes in England, a parliamentary committee has warned. Under plans unveiled in 2015, local authorities will be required to sell “high-value” council homes when they become vacant, with part of the proceeds funding discounts of up to 103,900 for housing association tenants who want to buy their homes. Continue reading…

Source : theguardian.com
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