Amendment proposed: 89, page 27, line 25, at end insert—
‘(2A) The conditions at subsection (2) must include a condition that money equivalent to the market value (disregarding any discount) of a dwelling sold under right to buy and to which the grant applies is spent by the private registered provider on the provision of affordable housing in the same local authority area or London, including at least one new home replacing that sold which is—
(a) of the same tenure,
(b) located in the same local authority area or London borough, and
(c) in accordance with assessed local housing need.” —(Sadiq Khan.)
The amendment would require housing associations offering the Right to Buy to their tenants in London and elsewhere to re-invest all the money received as a result of the sale in replacement affordable housing, including a guaranteed like-for-like home in the same local authority area or London
Question put, That the amendment be made.
The House divided:
Ayes 212, Noes 297.
Division number 161