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Local Government Association calls for ‘fundamental reform’ in the way scheme is funded

The government’s right-to-buy scheme risks running out of homes unless councils are given funding to build more, a report has warned.

Research by the Local Government Association found local authorities only have enough money to replace less than one-third of the number of homes sold over the past six years.

In addition to providing extra funding, the LGA is calling on the government to allow councils to keep all the receipts for the properties they sell, rather than having to hand over a portion to the Treasury.

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The Guardian

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