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'right-to-buy' funding model criticised by members of parliament Housing Plan

Image copy The way the government intends to pay for its plans to allow social tenants in England to buy their homes is "extremely questionable", MPs say The Commons Communities Committee criticised the funding model for the right-to-buy scheme, which will see housing associations reimbursed for selling homes to tenants at discounts. Right to Buy: Can you afford it? 7MPs say it should be paid for directly rather than via council house sales. Ministers say it will help create a million new homeowners by 2020. The government says it is one of a number of measures that will see 400,000 new affordable homes built by 2020-21. The extension of the longstanding right-to-buy scheme for council-house owners to housing association tenants in England was one of the Conservatives' main manifesto pledges at last year's election. Under the voluntary scheme, which is currently being piloted in five areas, housing associations will be expected to sell properties to ...