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Housing: North West Region

Volume 461: debated on Monday 4 June 2007

To ask the Secretary of State for Communities and Local Government if she will take steps to increase the number of shared equity family homes in (a) Warrington South and (b) other North West housing hot spots. (138766)

[holding answer 22 May 2007]: The Government are committed to tackling affordability. We aim to increase the supply of new homes in England to 200,000 per annum by 2016.

The Government are expanding the Low Cost Home Ownership programme to help more people into partial ownership on a shared equity basis. The main driver for this will be the flagship, Homebuy programme. The Housing Corporation has allocated £9.7 million to help households buy a home on the open market in the North West, of which over £1.3 million should be spent in Cheshire, and a further £1.8 million to help existing tenants buy a share of their existing home.

The Government are also supporting affordable housing provision through the Housing Corporation's National Affordable Housing programme. Overall, the Corporation hopes to complete 3,782 houses for rent and 1,137 houses for sale in its 2006-08 North West programme worth £224 million.