There is substantial investment in the Leeds city area in low cost home ownership to deliver additional affordable homes, data are not available by constituency only by local authority. The Homes and Communities Agency (HCA) has two principal products for low cost home ownership, homebuy direct which is an equity share model and new build homebuy which is shared ownership with a housing association or other provider. In addition to the National Affordable Housing programme, provision of these homes has also been accelerated through the additional funding made available through the Building Britain’s Future initiative, notably Kickstart.
HCA published half year performance statistics to end September 2009, this showed 44 units of homebuy direct delivered in Leeds city area in the financial year. In addition, 20 low cost homeownership units have been delivered in Leeds this financial year through the National Affordable Housing programme. Outturn completions for 2008-09 also showed 110 units in Leeds.
Kickstart round 1 allocated over £50 million in Yorkshire and Humber subject to funding conditions. This includes substantial schemes in Leeds including elements of shared ownership or homebuy direct.
Kickstart round 2 will allocate over £30 million in Yorkshire and Humber subject to funding conditions. There are a total of 23 schemes in the region, with one in Leeds supporting the delivery of approximately 1,488 homes by March 2012.