We support people's aspirations to sustainable home ownership and have introduced a number of measures for first time buyers in response to current market conditions. The Homes and Communities Agency's (HCA) principal product for shared ownership is Newbuild Homebuy. This is shared ownership with a housing association or partner available to households on annual income of £60,000 or less.
In this financial year, so far Yorkshire and the Humber has delivered 211 units of low cost home ownership principally through the National Affordable Housing Programme. Of these 117 are in West Yorkshire, 20 in Leeds. The outturn figures for 2008-09 show 723 units of low cost home ownership across Yorkshire and the Humber, 313 in West Yorkshire, 110 in Leeds.
Provision of low cost home ownership is a valuable tool in providing a mix of tenures in sustainable communities. HCA works closely with local authorities and partners to determine the most appropriate and sustainable mix of tenures in any given location.