William Eichler 10 August 2022

Right to Buy-back scheme helps councils buy over 1,500 homes

Right to Buy-back scheme helps councils buy over 1,500 homes  image
Image: lev radin / Shutterstock.com.

The Mayor of London’s flagship Right to Buy-back scheme has brought more than 1,500 homes back into public ownership.

Since the scheme’s launch in July 2021, 14 boroughs have been allocated £152m to purchase 1,577 market homes that will be made available at affordable rates.

The homes will be either council homes let at social rent or homes to be let as accommodation for homeless households. This includes a total of 908 homes to be let at social rent levels.

In August last year, Mayor Sadiq Khan expanded the Right to Buy-back programme as part of a wider offer to help councils support the arrival of Afghan refugees. Through this expanded offer, he funded two London boroughs – Hounslow and Islington – to purchase 39 homes for recently arrived Afghan families.

Mayor Khan commented: ‘For more than 40 years, London’s precious council homes have been disappearing into the private sector, often never to be replaced. As Mayor I have maintained a relentless focus on stemming the tide and replenishing London’s social housing stock.

‘I am proud that, thanks to my interventions, we have brought council homebuilding back up to levels not seen since the 1970s and I’m hugely encouraged by the enthusiasm I see from boroughs across London for building new council homes and using my Right to Buy-back scheme to return homes to public ownership.

‘These homes were built for the public good and it has been painful to watch them disappear into private portfolios. Returning these homes to public ownership is a key part of my plan to build a better London for everyone – a city that is greener, fairer and more prosperous for all.’

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