A bit of #SimplePlan in action.
Enfield set up a wholly owned private company called Housing Gateway this year. Officials have viewed 122 properties, made offers on 77 and had 48 accepted. The company currently owns 22 homes and has tenants in five of them.
Oykener said he ensured tenants in those homes would not be eligible to take up the right-to-buy offer. “I specifically ensured that was the case. These special purchase vehicles, along with other benefits, are exempt from right-to-buy so that we won’t end up in this predicament in three years. We are not alone, councils all over are doing this.”
Other councils taking the radical step include Sheffield, Sutton and Ealing, according to Labour MP Gareth Thomas….
“Given the huge loss of affordable homes in London, in part because of the failure to replace those sold under the right-to-buy, the next mayor of London needs to consider setting up a London housing company to help build high-quality social housing, particularly co-operative housing of the sort found on London’s South Bank,” said Thomas.
I know Owen Hatherley will hate me for saying anything nice about Coin Street. But hey, it’s an emergency, dammit. (Speaking of him, not only is this a good piece, but most of the below-the-line screamers seem to think it’s by Owen Jones, who is not the same person.)
I note that Enfield has managed to double its properties viewed, close to double its offers, more than double its accepted offers, and multiply its closings by 10 since end-August (see discussion). The dream is alive.
Has anyone got numbers for the Sutton, Ealing, or Sheffield deployments?