Council to buy homes with right to buy cash
Published by Max Salsbury for 24dash.com in Local Government and also in Housing
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Milton Keynes Council intends to buy homes with right to buy sales cash to help ease a rental property shortage.
The local authority plans to buy 35-40 mainly one and two-bedroom homes.
It is the preferred option to designing and building new homes which, the council says, can typically take up to three years, while buying existing homes on the open market takes less than six months.
Cllr Edith Bald, cabinet member for housing, announced the project, explaining that the cash from the council’s capital programme and from the sale of right to buy properties would fund the £4 million scheme.
She said: “In Milton Keynes we have a shortage of homes to rent for families who are homeless and the problem is most acute when it comes to finding two-bedroom properties.
“We are taking a number of actions to alleviate the problem and as a result B&B and temporary accommodation stats are falling. This additional radical step will make a real difference to some families and it can’t happen soon enough for me.
“Other actions the Council is taking include building new Council houses, the first time this has happened in over 15 years, working with landlords to increase the supply of good quality private sector affordable homes and ramping up support to prevent homelessness happening in the first place.”