Right to buy faces further criticism due to social housing shortages – – Realbusiness

When the government announced plans to broaden the Right to Buy initiative and improve access to affordable housing, it was welcomed as a positive move by most. More recently, the scheme has faced criticism for generating vast sums of cash for the Treasury, while doing little to reverse or even reduce the country’s rising housing crisis. New rules recently introduced provide local authorities with more flexibility with regard to how Right to Buy receipts can be spent, but there is little evidence to suggest that the social housing infrastructure has benefited from the program.More time and more money to invest in social housing One of the main reasons the government altered the rules governing how Right to Buy receipts could be spent was to make it easier for local councils to reinvest RTB proceeds in social housing. Among the new rules introduced, councils were subsequently permitted to use RTB

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