While Right to Buy has helped thousands of families into home-ownership, the rules governing the scheme and the Housing Revenue Account have not enabled councils to replace those homes which are desperately needed in so many parts of the country.
This paper has sought to analyse the various features and factors affecting local authorities' ability to reinvest Right to Buy receipts within Retention Agreements (so-called 141 receipts agreements) signed with Government since 2012. It models the capacity to replace homes sold in the years ahead, adjusting for different factors.
The model allows for these forecasts to be developed for individual local authority Housing Revenue Accounts, which may be helpful for councils thinking about their asks from Government in developing future build programmes.
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