Question to the Department for Levelling Up, Housing & Communities:

To ask Her Majesty's Government what additional funds they will make available to Housing Associations to enable them (1) to increase their stock of properties ahead of proposals on extending Right-to-Buy, and (2) to offset the impact on their balance sheets.

This Government is committed to the Right to Buy, which has helped nearly two million social housing tenants to realise their dream of home ownership.

We want housing association tenants to have the same opportunity as local authority tenants and to be able to enjoy the benefits that homeownership brings. That is why the Prime Minister announced on the 9 June 2022 the intention to extend the Right to Buy to housing association tenants.

We will work closely with the housing association sector on the design of the scheme, including consideration of the impact on housing association stock levels and their balance sheets. We will make sure that the scheme is designed in a way that enables the homes sold to be replaced one-for-one, and we will produce a full impact assessment of this policy in due course, ahead of the scheme’s introduction.