Sharp rise in tenant homebuyers frees up council housing for homeless people
Published: Friday 31st March 17
The number of council tenants buying a home on the open market or through shared ownership through a local scheme has reached a ten-year high, freeing up dozens of homes for families in need.
Forty seven tenants have taken up a House Purchase Grant (HPG) from the council in the past 12 months, up from 32 last year, 20 the year before that, and 31 a decade ago.
This has saved an estimated £2.8million in temporary accommodation and housing costs, while a further 16 tenants have also expressed interest in an HPG.
Cllr Paul Ellis, Cabinet Member for Housing, said: “This is a good example of how by promoting home ownership we’re also able to help provide more settled accommodation for local homeless households.
"It’s encouraging to see increasing numbers of tenants buying homes through this scheme, which is just one of a range of ways we support people to become homeowners.”
There is also a growing pipeline of low cost homes being built by the council with 89 under way, part of a programme to build at least 300 within the next three to four years.