- Communities Secretary launches £200 million pilot to boost social home ownership
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Posted 16.08.18
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Thousands of social housing association tenants are being given the opportunity of home ownership, as the Midlands Voluntary Right to Buy Pilot launches.
This follows measures announced in this week's social housing green paper, to make it easier for residents to progress into home ownership.
Government is providing £200 million for this Voluntary Right to Buy pilot, with places allocated via a ballot to ensure fairness for applicants.
Communities Secretary Rt Hon James Brokenshire MP said:
"This government is committed to providing opportunities for people to get a foot on the property ladder.
"Our £200 million investment into the Midlands Voluntary Right to Buy Pilot is the first step in helping housing association tenants realise their dream of home ownership."
Chief Executive of the National Housing Federation David Orr said:
"Over the past 3 years, we have worked closely with the government on its proposal to extend the Right to Buy to housing association tenants.
"It will be a success for everyone involved only if every home that is sold is replaced with a new affordable home, and if the application process is as smooth as possible for tenants."
