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Shared Ownership Schemes

Volume 487: debated on Tuesday 3 February 2009

To ask the Secretary of State for Communities and Local Government (1) how much funding has been made available to each local authority for shared ownership schemes in each month since May 2008; (251709)

(2) how many homes have been sold in each local authority through shared ownership schemes in each month since May 2008;

(3) how much funding has been made available to each local authority for equity loan schemes in each month since their introduction;

(4) how many homes have been sold in each local authority through equity loan schemes in each month since their introduction.

Tables have been deposited in the Library showing grant provided through the Homes and Communities Agency’s Affordable Housing Programme to their investment partners by month for equity loan and shared ownership schemes by local authority area from April 2008 to December 2008.

Tables showing completions through the Homes and Communities Agency’s Affordable Housing Programme by month for equity loan and shared ownership schemes by local authority from April 2008 to December 2008 have also been deposited in the Library.

There is no direct comparison between spend and completions especially on shared ownership schemes. Shared ownership scheme payments are made in tranches usually on start on site and at practical completion. For equity loan schemes, the payment is made on completion of the scheme as these are generally open market purchases. The figures cover the current open market homebuy equity loan scheme which commenced in April 2008. Tables have been deposited in the Library of the House which show completions by month and local authority location for each homebuy scheme in 2006-07 and 2007-08 through the Housing Corporation’s Affordable Housing Programme.