The Council set criteria for priority house types, sizes and areas, based on analysis of housing need and demand in our pressured areas. The scheme was advertised inviting expressions of interest from all developers who had acquired ex RTB stock as part of their part exchange sales incentives. Developers offer eligible properties to the Council at a discount for a “fast tracked” sale.
The process is resource efficient as it can be delivered through the existing processes for property purchase and part exchange sales initiatives providing clear benefits to both public and private partners. Its simplicity means it can be implemented with immediate effect and deliver quick outcomes in terms of meeting housing need and providing support to the housing construction sector.