Retained Right to Buy receipts and their use for replacement supply: guidance

MHCLG has published guidance on how local authorities can use the money raised from Right to Buy sales to deliver replacement homes. The guidance incorporates major changes to the RTB pooling system that took effect from 1 April 2021. It takes account of the amended terms of the Retention Agreements to be concluded between the Secretary of State and authorities under section 11(6) of the Local Government Act 2003 to enable them to retain RTB receipts, and the amendments to the Local Authorities (Capital Finance and Accounting)  Regulations 2003 that came into force on 30 June 2021.

For the guidance, click here.

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