Council forced to buy back 'Right to Buy' homes after losing 5,500 properties
manchestereveningnews.co.ukBury Council intends to re-purchase some of the thousands of socially rented homes it has lost to the ‘Right to Buy’ scheme.
The authority said it had lost 5,500 social rented homes to the scheme since its introduction in 1980 and families in the borough faced ‘a chronic shortage of social and affordable housing’.
More recently, 249 socially rented homes in Bury have been transferred to private ownership under the scheme since 2018. The council has developed a new policy buy back some of the properties previously purchased by tenants under Right To Buy (RTB), which is set to receive approval by the authority’s cabinet next week.
They intend to introduce a ‘buy back and acquisitions’ policy to purchase homes in private ownership and convert them into social and affordable housing.
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