Sold council homes not being replaced
Newham is failing to replace council homes sold under Right to Buy, new government figures have revealed.
The scheme enables tenants to purchase their homes outright, with councils required to use the funds to build new homes within three years.
Newham has sold 242 homes in the past two years, but has only started to build 27 replacement ones.
The deficit of 215 homes is the fourth worst in the capital, behind Greenwich, Southwark and Haringay.
London Assembly member Darren Johnson said: “Right to Buy is a disaster for London. A lot of council homes sold today will be in the hands of private landlords tomorrow.
“Across London, almost five thousand council homes have been lost in the past two years, with fewer than one in six replacement homes started using the receipts.
“Fewer low rent homes will drive more low paid people out of London. The Mayor of London should lobby for it to be scrapped, and for councils to be allowed to borrow to invest in building many more.”
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