… “the Communities and Local Government committee says the funding model it is using, which will force councils to compensate housing associations with the money raised from council house sales, is “extremely questionable” and is effectively a “levy” on councils.
It says the scheme should be funded by central government and questions how ministers are going to meet their target of replacing every property sold off with a new one. …
… Committee chairman Clive Betts said: “The fundamental success of this policy depends not just on whether more tenants come to own their home but on whether more homes are built.
“The government needs to set out in more detail how it will meet its target of at least one-for-one replacement of the sold homes, particularly given issues such as the availability of land, the capacity of the building industry and the uncertainty of income from council home sales.”
East Devon Watch 