Right to Buy receipts (3)

Meeting: 
MQT on 2015-09-16
Session date: 
September 16, 2015
Reference: 
2015/2679
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

In MD 1528 you decided to transfer the remaining £10,422,400 of Right to Buy receipts, with interest, and the estimated £15m to be received in 2015-16, to be transferred to your Housing Covenant budget for allocation to affordable housing schemes. Can you confirm that this money will achieve a like-for-like replacement of the homes sold through Right to Buy, from which the receipts were gained?

Answer

Answer for Right to Buy receipts (3)

Answer for Right to Buy receipts (3)

Answered By: 
The Mayor

I can confirm that the Right to Buy receipts unspent by boroughs received so far have been allocated to schemes which are expected to deliver 304 affordable housing completions.