To ask the Secretary of State for Levelling Up, Housing and Communities, whether he will make an assessment of the potential merits of preventing the general sale of Affordable Housing at a discount to the open market valuation price without the imposition of eligibility criteria.
If Registered Providers (RPs) sell homes that have been grant funded as affordable housing on the open market then the agencies who provided the funding can recover that grant. Those agencies can require the RPs to reinvest money in new affordable housing.
All social housing providers are required to comply with standards set by the Regulator for Social Housing. These standards maintain that RPs must have governance arrangements in place that safeguard taxpayers' interests as well as protecting social housing assets and the wider reputation of the sector.