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Housing: Low Incomes

Volume 485: debated on Tuesday 9 December 2008

To ask the Secretary of State for Communities and Local Government what steps have been taken to ensure that access to the MyChoiceHomeBuy scheme is equitable across regions and counties. (240870)

The MyChoiceHomeBuy scheme is delivered by equity loan providers, who were selected following a competitive bidding process to ensure national coverage and a choice for customers. The scheme is demand led. Initial allocations to providers followed the indicative regional split of the overall National Affordable Housing Programme, which is based on a formula that reflects key policy outcomes. Initial allocations are then reviewed periodically and adjusted according to levels of actual demand.