Right to Buy (1)

Meeting: 
MQT on 2015-12-16
Session date: 
December 16, 2015
Reference: 
2015/4306
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

We agree with the Mayor that 2015/18 Affordable Homes Programme funding should not be used to pay for Right to Buy replacement homes. However, can the Mayor provide information on how housing associations will pay for Right to Buy replacements in Greater London if, as reported, the Greater London Authority does not allow them to use funds from the 2015/18 Affordable Homes Programme?

Answer

Answer for Right to Buy (1)

Answer for Right to Buy (1)

Answered By: 
The Mayor

No final decisions on the funding of housing association Right to Buy sales have been made, but under the terms of the deal agreed between associations and national government the receipts from sales, including recompense for the discount, should be more than enough to fund the cost of replacements.