Chair of the Housing and Communities Board responds to listener concerns
Money made from the sale of the former Lord Street flats would be ringfenced to create new social housing.
That's according to the Chair of the Housing and Communities Board, who was speaking on Manx Radio's Mannin Line programme this afternoon.
A listener asked what guarantees there are in place that the money would not be 'squandered' on projects elsewhere.
David Ashford insisted there are set rules already in place around the sale of social housing:
Government plans to withdraw interest from reserve fund no longer required
Medical cannabis should be 'holistic', says pharmacistÂ
Peel Commissioners not adding 'discretionary' one percent increase to social housing rents
New organ donation laws set to come into force in coming weeks