Right to buy scheme 'adding to housing stock'

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Every housing association property sold under the government’s right to buy scheme will be replaced one-for-one with a new property, Communities Secretary Greg Clark has said. “What is released in terms of sale can build an extra home – so it is adding to the housing stock,” said Mr Clark. Wednesday’s Queen's Speech will include a housing bill that will aim to deliver the Conservatives’ manifesto promise to extend right to buy to 1.3 million housing association tenants. The original 1980s policy, extended in 2012 with bigger discounts, applies only to homes owned by local authorities. "Just because you’ve signed a social tenancy doesn’t mean you should be signing away your aspiration to own a home," said Mr Clark.