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Housing: Low Incomes

Volume 478: debated on Monday 23 June 2008

To ask the Secretary of State for Communities and Local Government what recent steps the Government have taken to increase provision of affordable housing. (212274)

On 14 May we announced three initiatives. The first is a £100 million expansion of the open market homebuy scheme, available for new build homes only. In 2008-09 this will enable 2,500 more first time buyers to purchase a new build home of their choice on the open market under our shared equity scheme.

The second is that the Housing Corporation will be spending up to £200 million in 2008-09 on funding RSLs to purchase unsold new build stock from developers, either for social rent, or for sale to first time buyers through our homebuy low cost home ownership scheme.

Finally, we have expanded the eligibility criteria so that all first time buyers with a household income under £60,000, who could not otherwise afford to buy, will be eligible for all our homebuy products.

To ask the Secretary of State for Communities and Local Government if she will place in the Library a copy of the research commissioned by her Department on the Evaluation of Social Homebuy Scheme for Affordable Housing (reference RAE 3/6/135); and what the cost was of the research. (212745)

The report was published on 12 June 2008 in electronic format only at: homebuyevaluation

The total cost of the research was £160,877.40. This comprised a contract for £157,734.25 with the University of Birmingham to conduct the research and £3,143.12 typesetting and publication preparation costs.