Tenants would have the right to buy the homes they rent from homeowners’ associations under plans considered by Boris Johnson.
The prime minister told officials to draw up plans over the past fortnight to help young people struggling to climb the property ladder in England, the Telegraph reported.
The proposal for renters to buy their social homes at a discount is not new, having appeared in David Cameron’s conservative manifesto in 2015.
While that plan did not materialize, Johnson has committed to considering new pilots for the scheme ahead of the 2019 general election.
His attempt to revive the plans was inspired by Margaret Thatcher, giving council tenants the right to buy in 1980.
But that came as the Conservative campaign for Thursday’s local elections was hit by a new scandal over the party’s gates.
Conservative Neil Parish said he would resign as deputy for Tiverton and Honiton after twice admitting to watching pornography in the House of Commons.
On Sunday, Business Secretary Kwasi Kwarteng insisted that Johnson would “absolutely” remain leader, no matter how badly the Conservatives fared in the council elections.
Pressure was also on Sir Keir Starmer to lead Labor to significant gains when polls of 200 local officials across Britain opened on Thursday.
Details of the latest proposals were sparse, leaving questions about how housing associations would be compensated and how their stock would be replenished.
The Telegraph suggested that a connected idea being considered is for government spending on housing benefits to be used to help beneficiaries obtain mortgages.