Topic: | Re:Re:Re:Re:Re:Right to buy | |
Posted by: | David McLoughlin | |
Date/Time: | 16/04/15 15:22:00 |
It's actually even worse than Adrian puts it. To fund RtB for Housing Association tenants they're going to sell off the most expensive third of Council homes. They promise to replace in the same area. The original proposal came from Policy Exchange and same area for them means anywhere within 30 miles. So sell a flat in Chiswick , build one in Feltham. Councils will get nothing like the full value of those sales because the HA's will need to be compensated, there's a brownfield fund and there's the original debt to pay off. John McDermott in the FT estimated less than half.http://blogs.ft.com/off-message/2015/04/16/why-right-to-buy-ii-is-a-very-odd-tory-policy/ Here's the extract from p. 53 of the Tory manifesto: QUOTE We will extend the Right to Buy to tenants in Housing Associations to enable more people to buy a home of their own. It is unfair that they should miss out on a right enjoyed by tenants in local authority homes. We will fund the replacement of properties sold under the extended Right to Buy by requiring local authorities to manage their housing assets more efficiently, with the most expensive properties sold off and replaced as they fall vacant. We will also create a Brownfield Fund to unlock homes on brownfield land for additional housing UNQUOTE |