The aim of the programme is not to sell any of the new homes other than affording existing leaseholders the opportunity to buy back into the estate. It is part of the programme’s philosophy that Lambeth is at its best when its communities are genuinely mixed and diverse. This means that they are aiming to build more homes at council rent, homes at below market rate for families in low pay and secure market rent for those unable to buy. By not selling off homes Lambeth retains a range of housing stock for a wider range of their community.
Does this answer your questions? If not get in touch