Money from sale of Lord Street would be ringfenced for new social housing

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: