Social HomeBuy is a voluntary demand-led scheme introduced in April 2006. The scheme enables tenants of participating local authorities and housing associations to buy a minimum 25 per cent. share up to 100 per cent. in their rented home at a discount. Up to the end of December 2008, over 290 households have taken up this opportunity to access home ownership and stay in their communities, including those tenants who did not previously have an opportunity to purchase their current home.
Social HomeBuy is one of a suite of options designed to help people to buy a home. Since 1997 the Government have helped more than 110,000 households into home ownership through shared ownership and shared equity schemes, with social tenants having first priority.
Rent to HomeBuy is a demand-led scheme aimed at addressing current market conditions. The Government have not set any specific targets for the number of households to be assisted or any limit on the number of homes that will be funded. Our aspiration is to help 75,000 households into low cost home ownership by 2010-11, including through Rent to HomeBuy.
The information requested can be provided only at disproportionate cost. However, I refer the hon. Member to the answer I gave to the hon. Member for Ludlow (Mr. Dunne) today to PQs 251709, 251710, 251711 and 251712, which provides some of the information requested. Also, in response to the hon. Member's question which was answered on 30 October 2008, Official Report, column 1270W, tables have been deposited in the Library of the House which show completions by month and location local authority for each HomeBuy scheme in 2006-07 and 2007-08 through the Housing Corporation's Affordable Housing programme.