Property News · February 25, 2018

Thatcher’s crusade to wipe out council housing at last faces serious challenge


The right-to-buy scheme slowed construction of new homes but local authorities are exploring new funding optionsFor more than 30 years a family moving into a brand-new council home has ranked among life’s rarer sights. Councils had all but given up constructing new homes in response to the government’s right-to-buy scheme, which left them with only a fraction of the funds needed to build replacements, and a series of Whitehall attacks that led many to lose more than 40% of their budget.Plans to house low-income households relied on private developers allocating a few homes on their sprawling sites. Often, these developers would find an excuse to whittle down the number of affordable properties to almost zero, or build them in the least desirable area of the site with the cheapest materials. Continue reading…

Source : theguardian.com
Read more…Thatcher’s crusade to wipe out council housing at last faces serious challenge

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