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Shared Ownership Schemes

Volume 498: debated on Thursday 29 October 2009

To ask the Secretary of State for Communities and Local Government what assessment he has made of the outcomes of each of the projects undertaken on the basis of a successful bid in the shared equity competition his Department announced in Budget 2007. (296609)

MyChoice HomeBuy and Ownhome were the shared equity loan providers appointed by the Homes and Communities Agency following the Budget 2007 announcement. Both have contributed successfully to the National Affordable Housing Programme, helping 3,926 and 799 households respectively into home ownership in 2008-09. Information on households assisted into low cost home ownership in 2009-10 will be released by the Homes and Communities Agency in due course.