Right to Buy needs reform to avoid social housing stock losses
Posted 13.02.24
Local Government Association: Further reading
The Local Government Association (LGA) is proposing reforms to the Right to Buy scheme, first introduced in 1980.
At a time of acute housing shortages, where more than one million people are on council housing waiting lists and councils are spending £1.74 billion annually on temporary accommodation, the LGA is calling for major reforms to the Right to Buy scheme by giving councils:
The latest figures show that, for the last financial year, 10,896 homes were sold through Right To Buy and only 3,447 have been replaced, resulting in a net loss of 7,449 social homes in 2022/23.
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