Turnkey acquisitions for social housing to be phased out
The policy shift will push councils and housing bodies toward new builds, with no new funding approvals allowed after 31 December 2027, officials said.
8 Articles
8 Articles
Cabinet to End Funding for Turnkey Social Housing Purchases by December 2027
Independent Journalism and Public Interest Reporting. The Government plans to phase out funding for local authorities and Approved Housing Bodies buying newly completed homes, as Housing Minister James Browne calls for a stronger focus on building social housing directly. Funding for local authorities and Approved Housing Bodies to purchase new turnkey properties for social housing is set to end late next [...] This article was originally publis…
Councils won’t be allowed to buy turnkey homes for social housing
Local authorities will no longer be able to buy new-build homes for social housing from next year, writes Lotte Micklethwaite. Housing Minister James Browne has announced that the purchase of new turnkey properties, new-build homes ready to be moved into, for social housing will be phased out amid concerns that too many first-time buyers are […]
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