Homes cash was spent on regeneration and housing

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Millions of pounds from the sale of council homes in Sheffield has been spent on ‘affordable housing and regeneration work’, the authority says.

In total, 560 properties were bought by tenants in the city under the Right To Buy scheme.

Data revealed under The Star’s Your Right To Know campaign showed the value of sales was more than £21 million between 2008 and 2013, although the amount received from sales was £6,238,056.

Janet Sharpe, the council’s interim director of housing , said: “The receipt income has been used for affordable housing and regeneration purposes.”

Across South Yorkshire, there were 936 council properties sold to tenants to the value of more than £37m, according to the data.

 

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