William Eichler 09 October 2018

Councils call for extension on time limit for all Right to Buy receipts

District councils have urged the Government to extend the time limit for spending Right to Buy receipts for both existing and future receipts.

Under the current system, local authorities have five years to spend their existing Right to Buy receipts. However, they still only have three years in which to spend future receipts.

The District Councils’ Network (DCN) argued in a submission to the Government on the use of receipts from Right to Buy sales that having two different time limits for receipts that are used for the same purpose - house building - is ‘illogical’.

‘We support the time limit for spending existing Right to Buy receipts being extended from three years to five years so that councils can maximise the benefits of the housing borrowing cap being scrapped, to build much needed homes in their local areas,’ said Cllr Sharon Taylor, the DCN finance lead.

‘However, this proposal must be extended to the use of future receipts so that councils can ensure that they achieve best value. There is no logical reason why future receipts should be subject to a shorter time frame compared to existing receipts.’

DCN also said that for particularly complex and high value regeneration schemes, there should be a limit of seven years to avoid deterring major housing delivery projects.

They added the 30% cap on Right to Buy contributions should be increased to 100% to allow councils to play ‘a full part in delivering the Government’s ambitions for social housing.’

What’s happening inside the LGPS? image

What’s happening inside the LGPS?

Get the most informed take on the challenges and opportunities that substantial reform will bring at this year’s PLSA Local Authority Conference.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Project Manager (Regeneration)

West Yorkshire Combined Authority
£49,359 to £56,057 per annum (pay award pending) – Grade 9
With ambitious goals ahead, we need dedicated individuals who are ready to make a real impact as part of our expanding Housing team Leeds / Hybrid
Recuriter: West Yorkshire Combined Authority

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerPermanent, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerFixed Term, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

HR Advisor - Pay & Policy (Career Grade)

Wakefield Council
Grade 9 - Grade 10, Career Grade, 24 hours, Permanent
Are you ready to make a difference and shape policies that foster a high performing and inclusive workplace? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Leisure Support Assistant

Wakefield Council
£12,013.50 - £12,202.00, Grade 3, 18.5 hours, Permanent
Are You Ready to Make a Difference in Your Community? Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner