Greg Clark - Department for Communities and Local Government
The Government is pleased to announce that it has reached an agreement with the National Housing Federation, which will extend Right to Buy discounts to at least 1.3 million more families across the country.
We want more people to be able to own a home of their own. The Right to Buy is a key part of this, and has already helped two million families to realise their dream of home ownership.
Until now, Right to Buy discounts have only been available to tenants in local authority properties and some former council properties. Extending these discounts to housing association tenants in England will end this unfairness, and will deliver our manifesto commitment to extend the Right to Buy to housing association tenants.
Under the agreement, all homes sold to tenants will be replaced on a one for one basis, delivering an overall increase in housing supply. Housing associations have a strong track record in the delivery of new homes, playing a major role in exceeding the Government’s 2011-15 affordable homes target by delivering nearly 186,000 homes.
The agreement will mean that the first housing association tenants will be able to start to buy their homes from next year.
In summary, the deal will enable the following:
As part of the agreement, the Government will also implement deregulatory measures which will support housing associations in their objectives to help support tenants into home ownership and deliver additional supply of new homes.
We will now be working closely with the sector on the implementation of the deal, and I will update hon. Members in due course on the next stage of the implementation.
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