Redditch Labour council has a £12M council home building fund that it uses to build council homes like those currently being built in Dixon Close, Abbey. Our council is one of the few councils in the country that not only has held on to its housing stock but is expanding it. Making it one of the largest council retained housing stocks in the West Midlands.
The fund allows Redditch Labour Council to also run a 'mortgage rescue scheme' which enables the council to buy out properties that are in danger of repossession, not only adding a property to the councils housing stock but saving a family from homelessness. In addition, the council also have a 'buy-back scheme', purchasing existing property to turn into council homes.
Tory cuts to housing investment have halved the number of new low-cost homes for first-time buyers and driven the number of new social rented homes being built to a record low leaving our young people at the mercy of buy-to-let landlords. So further to their own building program, Redditch council are in partnership with one of the largest Co-operative housing associations in the country making available decent housing at affordable rents for our townsfolk.