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Housing

Volume 475: debated on Thursday 8 May 2008

To ask the Secretary of State for Communities and Local Government what her target is for the number of transactions under each of the (a) social market homebuy, (b) New Build HomeBuy and (c) Open Market Homebuy schemes annually. (204521)

We have clearly stated in the Housing Green Paper ‘Homes for the future: more affordable, more sustainable’, that we will provide 25,000 shared ownership and shared equity homes a year over the next three years. We have not set individual targets for Open Market HomeBuy or NewBuild HomeBuy to ensure flexibility within the programme. Social HomeBuy is a demand-led product and as such no targets are associated with this programme.