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Social HomeBuy Scheme

Volume 450: debated on Tuesday 24 October 2006

To ask the Secretary of State for Communities and Local Government (1) what the budget is for the Social HomeBuy scheme in each year of its budgeted operation; (95877)

(2) how much the Government have spent on the Social Homebuy scheme.

The discount available to housing association tenants under Social HomeBuy is funded by grant from the Housing Corporation. £15 million of funding has been allocated by the Housing Corporation for schemes in 2006 to 2008. Additional funding will be made available pending the outcome of the further bidding round being launched on 30 October.

No additional funding has been provided to local authorities.