Martin Ford 13 July 2021

Right to Buy-back fund launched

Right to Buy-back fund launched image

London boroughs are to receive funding to purchase former council homes on the private market.

Mayor of London Sadiq Khan said the Right to Buy-back scheme will be available to councils and council-owned housing companies to acquire homes for social rent or as accommodation for homeless families.

Funding will come from the mayor’s Building Council Homes for Londoners programme.

Mayor Khan said: ‘For more than 40 years London’s precious council homes have been disappearing into the private sector, often never to be replaced.

'It’s time for that to change.

‘In the midst of a housing affordability crisis it feels grossly unfair and unjust that more than one in four council homes sold through Right to Buy in London are now in the hands of private landlords.

'These were, after all, homes built for the public good.’

It is estimated more than 300,000 London council homes have been sold since the Housing Act’s introduction and four in 10 homes sold under Right to Buy are now rented on the private market, including to councils.

The new fund aims to take advantage of a market buoyed by small landlords selling up due to changes in tax laws.

Leader of Camden LBC, Cllr Georgia Gould, said: ‘Camden, like much of London, has found itself at the sharp end of the housing affordability crisis and, as we rebuild from the devastating impact of COVID-19, there has been no greater time for change.

‘We welcome the mayor’s announcement and look forward to working with the mayor as other boroughs join Camden in reclaiming decades of lost social housing for Londoners.’

SIGN UP
For your free daily news bulletin
Highways jobs

Career Grade Planning Officer

Royal Borough of Greenwich
£27978 - £37722 per annum + n/a
Career Grade Planning Officer - West Area and East Area Team The Royal Borough of Greenwich continues to faces an unprecedented growth agenda in terms England, London
Recuriter: Royal Borough of Greenwich

Highway Engineer - Reactive Maintenance

Bracknell Forest Borough Council
£35,354 - £40,506 incl. LWA, plus £963 car allowance
We make a difference to the environment we live in. Come and help us manage our highway infrastructure. Bracknell, Berkshire
Recuriter: Bracknell Forest Borough Council

Lifeguard (South Woodham Ferrers Leisure Centre)

Chelmsford City Council
Grade 3 - Starting at £18, 291 per annum, and rising to £19,515
South Woodham Ferrers is one Chelmsford City Council’s four leisure facilities, offering a variety of sporting activities where there is something ... Chelmsford, Essex
Recuriter: Chelmsford City Council

Car Park Attendant

Chelmsford City Council
Grade 3 - Starting at £18,291 per annum, rising to £19,515
We are seeking an enthusiastic and motivated individual to join our Car Park team to support with the day-to-day running of our 19 City Centre car ... Chelmsford, Essex
Recuriter: Chelmsford City Council

Lifeguard (Riverside Leisure Centre)

Chelmsford City Council
Grade 3 - Starting at £18, 291 per annum, rising to £19,515
Riverside Leisure Centre is Chelmsford City Council’s flagship leisure facility, offering a variety of sporting activities where there is something... Chelmsford, Essex
Recuriter: Chelmsford City Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue