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Housing: Sales

Volume 469: debated on Monday 10 December 2007

To ask the Secretary of State for Communities and Local Government (1) what projections she has made of the number of properties with two or more bedrooms to be made available to buy through (a) Social HomeBuy, (b) New Build HomeBuy, (c) Open Market HomeBuy and (d) the First Time Buyers Initiative in each of the next three financial years; (170355)

(2) what projections she has made of the number of homes to be made available to buy through (a) Social HomeBuy, (b) New Build HomeBuy, (c) Open Market HomeBuy and (d) the First Time Buyers Initiative in each of the next three financial years.

As stated in our Housing Green Paper, we are aiming to provide at least 25,000 shared ownership and shared equity homes in each of the next three years.

Funding for housing is distributed between the Regions on the basis of an analysis of relative need which takes account of local authority need. Announcements as to the levels of funding to be made available for affordable housing for the next three years will be made shortly.

The funding is being made available to bids from both housing associations, developers and local authorities through the Housing Corporation’s bidding round for the National Affordable Housing Programme. Investment in 2008-11 and completions and size of units will depend on the bids received by the Housing Corporation.