A housing provider that could save Enfield Council almost
£2 million a year and boost the supply of affordable homes is to receive
start-up funding. The council’s cabinet committee has approved a cash injection
of £250,000 to get Red Lion Homes (RLH) – a company set up to invest its
right-to-buy receipts into housebuilding – underway. As well as increasing the
supply of social housing, the company will save the council £1.8 million a year
that is currently spent on renting back former council homes to the homeless.
The Right to Buy policy has resulted in councils paying private landlords in
order to provide accommodation for the homeless. Read more on the Enfield
Independent website.
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