Aren’t you privatising social housing?
We appreciate that the thought of the government giving up ownership of housing stock is a scary prospect, but we would absolutely not be gifting this asset to the private, for profit sector! We would only make such a gift to community housing providers in the not-for-profit sector who have appropriate constitutions and governing bodies to ensure responsible stewardship. No corporate raiding, or cosy back room deals - that would be a disaster! There are many other countries which have taken this approach of transfers to the charity sector, for example Australia and the UK. These have proven to provide a better service to tenants than state owned operators.