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Council's investment in Social Housing
Readdress the current funding model away from Affordable Housing back to Social Housing; this would reverse the downward spiral in social housing stock.
Why is this important?
Thanks to the Government's 'Right to Buy' Policy, local government are forced to offer Social Housing at heavily discounted prices - at approximately up to 70% of value - to elderly, disabled and vulnerable residents in Independent Living Accommodation; thus reducing the housing stock in Social Housing overall. Affordable Housing is only offered at 20% of value which most cannot afford. If residents cannot get social housing, either through an association or the council, they are forced into the more expensive - ON AVERAGE 4 TIMES AS MORE - private renting.
In the last six months, 130 Independent Living Accommodation Sites have been lost, never to replaced, amounting to 2% of the current total Social Housing within the Stroud Area alone; an issue that is being replicated across the United Kingdom.