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Shared Ownership Schemes: North East Region

Volume 469: debated on Monday 10 December 2007

To ask the Secretary of State for Communities and Local Government what her forecast is of the number of home purchases through (a) New Build Homebuy and (b) other shared ownership schemes in the North East over the next 12 months; and how many such purchases were made in each case in the last 12 months. (168302)

The New Build HomeBuy scheme was launched in April 2006 to enable social tenants, key workers and other priority groups buy a share of a newly built property while paying rent on the remainder.

Details of the number of purchases over the next 12 months are not yet available. The Housing Corporation are currently analysing the bids received for their 2008-11 programme following the bidding round which closed on 2 November.

119 homes have been purchased through the New Build HomeBuy and other share-ownership schemes between April 2006 and September 2007 in the North East.