Orbit Group’s Board has agreed to support the offer made by the National Housing Federation (NHF) to government about the extension of the right-to-buy policy.
Under the proposed deal, housing associations would voluntarily agree to sell their homes to any tenants who wished to buy them. This would negate plans for government to legislate for an extension of the right-to-buy scheme to 1.2m housing association homes.
The proposed deal would guarantee that associations were fully compensated for every home sold to tenants, enabling them to build replacements on a one-for-one basis. It would also mean that housing providers will secure key concessions, such as more flexibility in which properties they sell and compensation at full market value for sales.
The government made a clear commitment in its manifesto to extend the right-to-buy. We support the principle of working with the sector and Government to formulate an agreement which allows us to continue to build homes and meet the needs and aspirations of our customers.
— Chief Executive of Orbit Group, Paul Tennant