Use of Right to Buy receipts for spot purchases to increase affordable housing supply
February 23, 2026 Deputy Leader of the Council (Housing, Investment and New Homes) (Cabinet member) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...authorise the expenditure of up to £4m of Right to Buy receipts for the spot purchase of properties on Council-owned estates to increase the supply of affordable housing by the end of March 2026.
Full council record
Purpose
Decision to authorise the expenditure of up to
£4m of Right to Buy receipts, due to expire in March 2026,
for spot purchases of properties on Council-owned estates to
increase the supply of affordable housing.
Decision
1.
To approve the use of up to £4m of Right to
Buy receipts for the acquisition of leaseholder properties on
estates we already own and manage from the open market, by the end
of March 2026.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 23 Feb 2026 |
| Subject to call-in | Yes |