This week, the Prime Minister confirmed his plans to extend the Right to Buy to housing association tenants. While there is as yet very little detail on the government’s plans, the proposals confirmed so far are:
Media reports have suggested that the cap on the scheme would be set at £500m, but this was not mentioned in the Prime Minister’s speech. Reports that the scheme would be piloted have also not yet been confirmed.
In our response to the speech, we’ve been clear that housing associations’ priority is providing social homes for people who need them, and that we’re concerned that extending the Right to Buy would result in a loss of social housing. While the commitment to like-for-like replacements is welcome, we’ve highlighted that the pilots have shown that this is not possible, leading to a net loss in social housing.
We’ve been in conversations with ministers and officials about these proposals, and are sharing the sector’s concerns and pressing for more detail. We will continue our regular contact with senior government stakeholders and will update our members as soon as we know more.