Housing: Ownership

(asked on 17th December 2024) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 11 December 2024 to Question 17553 on Housing: Ownership, if she will make an estimate of the number of replacement affordable housing units in each of the next five years.


Answered by
Matthew Pennycook Portrait
Matthew Pennycook
Minister of State (Housing, Communities and Local Government)
This question was answered on 24th December 2024

As detailed in the review of the increased Right to Buy discounts introduced in 2012 published on 30 October 2024 alongside the Budget, during the period 1 April 2012 to 31 March 2021 the replacement target was 62,485 but only 47,864 replacements were delivered, which means there were 14,621 fewer replacements than the target.

The changes this government has made to the Right to Buy, including reducing maximum cash discount levels, allowing local authorities to retain the share of receipts formerly paid to HM Treasury, and increasing the flexibilities on how councils can use their receipts, will improve the ratio of replacements to sales.

Reticulating Splines