A stark warning setting out “grave concerns” about extending the right-to-buy to housing association tenants has been issued to Prime Minister David Cameron.
Bill Midgley, chairman of Newcastle-based social housing provider Leazes Homes, accuses the politician of using “the sanctity of a person’s home” as an “election bargaining chip” after the pledge was revealed in the Conservative Party Manifesto last week.
Mr Midgley echoes fears voiced by others in the sector as he outlines how a policy that forces associations to sell off their assets would mean they have less borrowing power.
Because of this, he says, associations could not build more homes for some of the most vulnerable in society, including “older people, those with learning disabilities and those with mental health problems.”
The letter reads:
“If organisations like us are unable to secure loan funding for supported housing…
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