How can Orbit Housing Association be so stupid?

How does a housing association prevent the further decrease of affordable housing supply in an area out of reach to so many? By selling off town centre housing to a developer to make pot loads of money is Orbit's answer!

Orbit Housing Association has decided to sell four homes on Brook Street, Warwick, currently offered to rent at affordable rates. For over 30 years, these flats have offered a rare foothold into the town centre of Warwick for tenants young and old who cannot afford to buy a property. However, because they have been spending money on large salaries and perks for their board members, they seem to have forgotten that they have to improve and maintain their housing stock so that in future years, they are not presented with huge bills to renovate and bring buildings upto the decent homes standard. They have made a mistake and the people who can least afford it will now suffer.

Housing Associations can bid to the Housing Corporation to fund affrodable housing projects, which Orbit in Warwick District has failed to do. Instead, they sit and wait for a few units of houses from one housing development to another. Well this is not good enough and only goes to prove that housing is better provided by councils and not sold off to make some fat cats richer.