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Shared Ownership Schemes

Volume 481: debated on Tuesday 28 October 2008

To ask the Secretary of State for Communities and Local Government how many people have taken part in Government programmes for (a) shared and (b) subsidised home ownership; and what the cost of each such programme has been in each year since introduction. (229404)

The following table shows the outturn expenditure for shared ownership and shared equity schemes provided through the Housing Corporation's Affordable Housing programme since 1997-98 together with the number of homes that have been provided.

Shared ownership (£ million)

Shared equity (£ million)

Shared ownership (homes provided)

Shared equity (homes provided)

1997-98

62.0

0.0

4,350

0

1998-99

49.5

0.0

4,244

0

1999-2000

49.0

19.9

2,956

885

2000-01

60.2

35.3

2,551

1,487

2001-02

51.2

36.7

2,211

1,360

2002-03

75.7

108.6

2,315

3,892

2003-04

227.5

266.1

3,550

8,363

2004-05

249.5

213.7

5,741

5,436

2005-06

231.1

314.3

8,637

7,360

2006-07

320.0

91.3

10,954

2,507

2007-08

316.7

83.9

14,780

2,876

Note:

Shared ownership commenced in the mid 1980s but we only have reliable expenditure figures from 1997-98.

Source:

Housing Corporation