We are informed that Northampton Partnership Homes (NPH) are working with Northampton Borough Council to explore the opportunity to create a new council house building programme?
NOTE; new council house building programme
Northampton council tenant Norman Adams said
We need replacement housing for the ones sold ‘Right to Buy’ and he will be asking how the replacements will be funded.
Mr Adams said ‘ we have sold 304 since 2012 at a discount to tenants’ and once the Treasury share is taken into account the average left per property is less than £37k’
Mr Adams said he would also be asking what safe guards will be put in place (if any) to protect any new build from discounted sales of up to 70% of the market value?
NOTES for reference
Right to Buy allows most council tenants to buy their council home at a discount. This applies to NPH customers because Northampton Borough Council still owns the properties that NPH manage.
To qualify, the property must be your main home and self-contained. You must also have held a secure tenancy with a public sector landlord (council, housing association or NHS trust) for at least three years, although these do not need to be continuous.
For a House/Bungalow:
Discount starts at 35% increasing 1% each year up to a maximum of 70%. Tenants must have spent 40 years to receive the maximum percentage.
For a Flat/Maisonette:
Discount starts at 50% increasing 2% each year up to a maximum of 70%. Tenants must have spent 15 years to receive the maximum percentage.