daylightrobber
Player Valuation: £15m
IF the Tories got in and they did implement this policy, how exactly are they going to be able to force the housing associations to sell their assets at below market value, or are they proposing to subsidise the purchase? (has this already been raised? - apologies if so)
Also, are they suggesting that the tenants of charitable housing associations should be allowed to purchase too?
So, I've done some research and it turns out that this policy would allow the tenants of charitable housing associations to purchase.
I am a shareholder in a housing trust in the town where I live. It is not for profit, with every penny coming in from rent being ploughed back into purchasing land and building houses for locals otherwise priced out of the market. It is a real community effort as shareholders are basically donors to the charity.
Occupants of the housing either rent, or purchase a 50% share in a property, with no further rent payable.
The assets are everything. On the back of a small project of 11 family homes, the trust is currently building a further 30, to hold in perpetuity for the locals of the town. It is a fantastic scheme.
Now the Tories are proposing to allow right to buy which could result in these community assets being transferred from the trust, to the tenants putting into jeopardy everything the trust is trying to achieve.
It's a disgraceful policy. Why allow this but not the tenants of private landlords the opportunity to purchase. You know the ones who are probably being exploited the most.
Anyone who thinks this is a good idea needs their bumps felt.