Cash from Right To Buy sales will no longer be reserved for new council housing, government announces


Money raised from the sale of council homes will be diverted away from building new social housing under new plans announced by the government.

Under the policy confirmed by ministers on Friday councils will not have to use the receipts from Right To Buy sales to build council homes to replace those sold off.

Housing and homelessness campaigners have criticised the move and say it will make the housing crisis worse for people on low incomes and lengthen council waiting lists.

Under the announcement, councils will soon be able to use the cash to fund schemes to help people buying houses, which are generally targeted at people on higher incomes.

The cash will be available to use for shared ownership homes, which in some parts of the country can be unaffordable to even relatively wealthy buyers.


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