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Homebuy Scheme

Volume 461: debated on Monday 4 June 2007

To ask the Secretary of State for Communities and Local Government how many social tenants have access to the Social Homebuy scheme. (129271)

The Social Homebuy pilot enables tenants of participating local authorities and housing associations to purchase a share in their rented home at a discount. Four housing associations and one local authority began offering Social Homebuy initially and a further 74 housing associations and five local authorities are now joining the pilot. Some landlords are offering the scheme widely across their stock. Others are targeting specific estates, locations or local authority areas. We estimate that the pilot scheme will be available this year across 5 per cent. of social stock.