CIH comment on the Public Account Committee’s right to buy report
The Public Account Committee’s report – released today – raises a number of issues relating to government proposals to extend the right to buy to 1.3 million housing association tenants.
This includes insufficient detail about how the scheme will be funded; the lack of a detailed published impact assessment of the policy; whether the homes sold will be replaced on a genuine 'like for like' basis; and concerns about the robustness of controls to prevent fraud.
Commenting on the report, CIH chief executive Terrie Alafat said: "We welcome the Public Accounts Committee’s report and recommendations. It addresses many of our concerns about the way policy has developed to date, including the need to make sure that the scheme’s finances stack up so that we don’t see a net loss of the affordable homes to rent that we so desperately need.
"It’s also good to see that the potential for fraud has been recognised. With the high value of discounts available to some tenants it’s in everyone’s interests to make sure that adequate checks and balances are put in place."
You might also like. . .
- Read the report (Extending the right to buy to housing association tenants - 29 April)
- Public Accounts Committee on right to buy told affordable homes that are sold must be replaced or sector faces a further decline (March 2016)
- CIH responds to CLG committee report on housing associations and the right to buy (February 2016)