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RTB deal vote result announced
The vast majority of housing associations that responded to a National Housing Federation proposal for the voluntary extension of the Right to Buy scheme to cover their homes have backed the plan.
Eighty-six per cent of housing associations that responded – representing 93% of housing association properties – voted yes to the voluntary extension.
However, a significant number of National Housing Federation (NHF) members did not vote by yesterday’s 5pm deadline. A total of 214 of the NHF’s members did not respond at all. This means 55% of it members said yes, 6% said no and 39% abstained or did not respond.
David Orr, chief executive of the NHF, said the sector had responded with a “resounding yes”.
“A clear majority of our members – covering 93% of all housing association rented homes – have told us that they want us to go ahead and make an offer to government,” he said.
“Under the terms of the offer, the sector has pledged a one-for-one replacement of all homes sold, which will boost the country’s housing supply.
“Crucially it would also preserve housing associations’ independence, which has allowed them to bring in £76bn in private finance to homes and communities over the last 30 years.”
The NHF has now formally submitted the offer to government for consideration.
