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Housing

Volume 460: debated on Wednesday 23 May 2007

To ask the Secretary of State for Communities and Local Government (1) what her estimate is of (a) the number of people who have participated in and (b) the level of public expenditure on Government initiatives to increase home ownership in each year since 1997, broken down by (i) local authority area and (ii) region; (105729)

(2) what her estimate is of the number of people in each region who will participate in Government initiatives to increase home ownership in future years.

The following table shows completions and expenditure through the Housing Corporation’s Affordable Housing Programme (AHP) and Local Authority Social Housing Grant on low cost home ownership programmes. This investment reflects the overall public expenditure levels established by the previous administration and set for 1997-98 to 1999-2000 and the priority first given to tackling the backlog of £19 billion in council housing investment to provide decent homes. From 2004, investment decisions have reflected the priorities set by the regional housing boards for investment in their areas and since 2006-07, the Government’s priority of providing more social rented homes.

Completions

Expenditure (£ million)

1997-98

11,684

172

1998-99

8,874

125

1999-2000

5,112

94

2000-01

4,775

117

2001-02

4,352

118

2002-03

4,487

161

2003-04

6,912

343

2004-051

11,409

459

2005-06

16,534

544

1 Completion figures do not include VPG.

For the two years, 2006-07 and 2007-08, we plan to assist some 35,000 households into low cost home ownership through the Housing Corporation’s AHP.

We have a target to assist 120,000 people into home ownership by 2010 and the homes being provided by the Housing Corporation will contribute to this. The number of homes to be provided from 2008-09 will be the subject of the comprehensive spending review 2007.

A table has been placed in the Library of the House displaying information on the homes provided for low cost home ownership and expenditure on these programmes from 1997-98 to 2005-06 through the Housing Corporation’s Affordable Housing Programme (AHP) and Local Authority Social Housing Grant (LASHG) by local authority and region.

Neither table includes spend or completions through Starter Home Initiative, Thames Gateway or Right to Acquire figures. Funding and completions are not directly comparable, as funding will relate to projects running, not necessarily units completed, in any one year.