May pledges new right-to-buy plan to boost UK social housing

London

UK Prime Minister Theresa May pledged a new right-to-buy programme for social housing in an effort to boost home-building by local authorities and help alleviate a growing shortage of low-cost housing.

Councils and housing associations will be offered government funding to build homes along with permitting help from the Homes and Communities Agency, the Conservatives said in a statement on Saturday. The programme will require a proportion of the homes to be sold after a set period of 10 to 15 years. Existing tenants at that point will have the first rig…