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ARCH annual report

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The ARCH annual report for 2015-16 is now available to view.

 

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Housing Association RTB pilot launched 16/08/2018 Labelled as Legislation, Tenants

The Government has launched the Midlands Voluntary Right to Buy Pilot giving housing association tenants the opportunity to buy their home at a discount with the Government promising to reimburse housing associations for the discounts they give to tenants.

 

The Government is providing £200 million for this Voluntary Right to Buy pilot, with applications to buy through the pilot being allocated through a ballot. The ballot will close on 16 September 2018, with the pilot running until spring 2020 giving successful candidates adequate time to complete the purchase.

 

Housing association tenants who are successful in the ballot will not be guaranteed that they can purchase under the scheme - they will still need to meet the eligibility criteria and complete the application process in full.

 

Housing associations will have discretion over which properties they sell. Where the home is exempt from the pilot, the housing association will give the tenant the opportunity to use their Right to Buy discount to buy another housing association property. This is known as the portable discount, and is being tested through the pilot.

 

The launch of this pilot came the day after the launch of the Social Housing Green Paper and the decision to abandon the proposal for a High Value Asset Levy on stock retaining councils paid for by the sale on the open market of so called higher value council housing which leaves open the question of where the government would find the finances to fund a nationwide extension of the pilot scheme.

 

The Government says it will assess the impact of the pilot before deciding on the next steps for this policy.

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