Right to Buy (1)

Meeting: 
MQT on 2015-06-17
Session date: 
June 17, 2015
Reference: 
2015/1766
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

The National Housing Federation estimates the cost to the taxpayer of extending the Right to Buy to Housing Associations could reach as much as £11.6billion (£2billion of this in Greater London) if all eligible and able households decided to take up their right. Do you believe this money would be better spent on building more affordable homes (stimulating jobs and easing London's chronic housing shortage) rather than on offering huge subsidies to tenants already in secure housing?

Answer

Answer for Right to Buy (1)

Answer for Right to Buy (1)

Answered By: 
The Mayor

I support policies which promote home ownership.

I want to see the policy implemented in a way that delivers more housing supply for London, with a higher number of affordable homes and retention of receipts within London while maintaining London's social mix.