• Home
  • About
  • Subscribe
  • Conference
  • Events Calendar
  • Webcast151
  • MOTB
  • Log In
  • Register

Room 151

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews

Right to Buy creates ‘leaking bucket’ for ALMOs

0
  • by Editor
  • in 151 News
  • — 9 Apr, 2019

Councils’ Arms Length Management Organisations (ALMOs) suffered a net loss of 800 properties over the past 12 months, according to a new report.

An annual survey conducted by the National Federation of ALMOs (NFA) found that the organisations added 2,000 new homes to their stock in 2018.

However, this was only enough to replace 69% of sales through Right to Buy, it said.

NFA managing director Eamon McGoldrick said: “Whilst we welcome the recent changes to local authority finance which will support the building of a new generation of council housing, unless the government implements the flexibilities to RtB that we have been calling for, it is like a leaking bucket; the sector will continue to lose more council homes than it can replace.”

Get the Room 151 Newsletter

Room151 Conferences & Events

Share

You may also like...

  • News Roundup: Brexit bump, Bromley mandate, Salford bails out stadium, Basildon wins ERDF funding News Roundup: Brexit bump, Bromley mandate, Salford bails out stadium, Basildon wins ERDF funding 17 Aug, 2017
  • News Round-up: LGPS £1bn infra fund, Javid warns 10 councils, BNY wins LPP admin mandate, CFO’s biggest pressure… News Round-up: LGPS £1bn infra fund, Javid warns 10 councils, BNY wins LPP admin mandate, CFO’s biggest pressure… 15 Dec, 2016
  • News round-up: Capital investment rises, dollar hedging, fraud scheme prize, Birmingham’s regeneration plan News round-up: Capital investment rises, dollar hedging, fraud scheme prize, Birmingham’s regeneration plan 15 Sep, 2016
  • Pensions chief outlines potential role for LGPS pools in managing liabilities Pensions chief outlines potential role for LGPS pools in managing liabilities 30 May, 2018
  • Register to become a Room151 user

  • Latest tweets

    Room151 22 hours ago

    How can local government ‘build back better’?: Beverley Gower-Jones looks at the options for driving small business entrepreneurship in clean technologies. Innovation is essential for local authorities to save money and reduce emissions, it is the… dlvr.it/RtT3nS pic.twitter.com/bSMB6OG70t

    Room151 1 day ago

    Helen Randall: Spelthorne report places spotlight on ‘controls’: Fresh criticism of Spelthorne Council raises the question of what “good” controls look like when negotiating a property deal. Spelthorne Council’s continuing debacle over property… dlvr.it/RtSPhy pic.twitter.com/9uCOJgBcH6

    Room151 1 day ago

    Step-out strategies: Hitting the sweet spot between liquidity and ultra-short duration: Sponsored article: Jemma Clee describes how an ultra-short duration strategy can help local authorities enhance returns. Despite the expectation of a low, and… dlvr.it/RtSPZb pic.twitter.com/pdXPpv5lcN

    Room151 2 days ago

    What role will climate change have on the pricing of government bonds?: Sponsored article: Kerry Duffain finds that “vulnerability and resilience to climate change” have a significant impact on the cost of government borrowing. Ardea Investment… dlvr.it/RtNKv7 pic.twitter.com/wDjT31x4Yt

    Room151 3 days ago

    ESGenius: Slashing emissions will fuel green growth for decades: Sponsored article: Velislava Dimitrova argues that a big enough investment could mean transition to a low, or no, carbon economy can become a reality. The world needs to slash carbon[...] dlvr.it/RtKZJp pic.twitter.com/cd8S3ijERl

    Room151 3 days ago

    Prudential code: “Not perfect, but its heart is in the right place”: The new Prudential Code offers revised rules for borrowing. Nikki Bishop is sceptical it will work while Gary Fielding offers his support. Nikki Bishop I have been asked to give[...] dlvr.it/RtKZFh pic.twitter.com/OriN28lXcb

    Room151 4 days ago

    Tremendous report from @MarkSandford3 citing @room_151 no fewer than six times (despite what the @lgcplus fact checking/counting dept might tell you) #localgov commonslibrary.parliament.uk/research-brief… 1/5

    Room151 1 week ago

    Dan Bates: Capitalisation directions are not the only tool for rebuilding finances: Dan Bates argues deep seated problems are contributing to a rush for capitalisation directions. For some time now we have been reading that a number of councils are in… dlvr.it/RspKff pic.twitter.com/xRRsgVim9u

    Room151 2 weeks ago

    Is local government funding “broken”?: Andrew Hardingham looks at the underlying issues that caused more than a third of respondents in the Room151/CCLA treasury survey to say that the funding system for local govenrment is[...] dlvr.it/RsYhsg pic.twitter.com/plNp7Ayys6

  • Categories

    • 151 News
    • Agent 151
    • Blogs
    • Chris Buss
    • Cllr John Clancy
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Forum
    • Funding
    • Graham Liddell
    • Ian O'Donnell
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • LGPSi
    • Mark Finnegan
    • Recent Posts
    • Resources
    • Richard Harbord
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Treasury
    • Uncategorized
  • Archives

    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story Manchester councils investment takes off
  • Next story LPP appoints CFO

© Copyright 2021 Room 151. Typegrid Theme by WPBandit.