(Source: LGA - Local Government Association) LGA media release 5 October 2015 Extending the Right to Buy scheme to housing association tenants will cost £6 billion over the next four years as almost 100,000 households take up the offer, new analysis ahead of the Spending Review reveals today. It is forecast that around 24,000 housing association tenants a year will buy their home with an average discount of £63,271 under the Right to Buy extension - the discount would cost £1.5 billion a year. The Local Government Association (LGA) is warning that the offer must not be funded by forcing councils to sell-off their social housing, which would drive up rents and the housing benefit bill and...
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