Posted 21.12.21
Mayor of London: Further reading
The Mayor of London has struck a new deal to help Hounslow Council bring 555 homes into council ownership.
The West London borough will receive £38.7 million from the Mayor's Right to Buy-back fund - the largest allocation under the scheme since it launched in July.
The fund gives boroughs and council-owned housing companies the ability to purchase homes from the open market, including former council homes that have been sold through the Government's Right to Buy programme.
These homes can then either be let at social rent levels, or used to prevent homelessness.
Out of the 555 homes Hounslow Council will bring into council ownership, 20 family-sized homes will be ring-fenced for Afghan nationals who have been granted leave to resettle in the UK.
Hounslow will purchase a further 25 homes and convert these to low-cost, social rented homes specifically for care leavers on the housing register.
Islington became the first borough to receive funding through the Mayor's Right to Buy-back scheme in September 2021.
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