The following table shows the number of providers who have been allocated funding for Homebuy schemes within the 2008-11 National Affordable Housing Programme.
Region Number of providers East Midlands 39 East of England 48 London 54 North East 21 North West 37 South East 52 South West 30 West Midlands 34 Yorkshire and Humberside 36
I refer the hon. Member to the answer I gave him on 9 February 2010, Official Report, columns 866-68W.
(2) how many homes were rented under the Rent to HomeBuy scheme in each region in each of the last three years;
(3) how many active tenancies there are under the Rent to HomeBuy scheme in each Government Office region.
Rent to HomeBuy was launched in July 2008. Data on the number of homes rented, active tenancies and the average income of tenants and purchasers are not held centrally.
Provisional data from the Homes and Communities Agency show that there were 1,899 Rent to HomeBuy completions up to end September 2009.
Data are not held centrally on the number of purchases under Rent to HomeBuy.
The homebuy scheme is administered by the Homes and Communities Agency on behalf of the Department. There are nine full-time equivalent employees working on low cost home ownership policy, including delivery of the homebuy scheme, within the Department.
The homebuy scheme was introduced in 2006. Households with an income of up to £60,000 who were unable to buy a home on the open market without assistance, were eligible to apply for assistance. The basic eligibility criteria has not changed.
From 2006-08 priority for support was given to social tenants, prospective social tenants, key workers in the health, education and community safety sectors in London, the South East and the East of England, and those identified by regional housing boards. Some regional boards set lower income caps for support. From 2008 priority was given, in order, to social tenants, prospective social tenants, key workers in all regions and any other first-time buyers.
The following products are included in the Homebuy scheme; OpenMarket HomeBuy, NewBuild HomeBuy, Social HomeBuy, HomeBuy Direct, and Rent to HomeBuy.
The allocations and provisional completions for each product are listed in the following tables.
£ 2006-07 2007-08 2008-09 Open Market HomeBuy 78,890,252 84,507,252 212,919,256 New Build HomeBuy 403,234,599 373,239,643 203,239,702 Social HomeBuy 536,400 1,912,175 973,175 HomeBuy Direct 0 0 0 Rent to HomeBuy 0 0 123,526,245 482,661,251 459,659,070 540,658,378
2006-07 2007-08 2008-09 Open Market HomeBuy 2,337 2,876 6,216 New Build HomeBuy 3,023 10,131 8,898 Social HomeBuy 47 157 93 HomeBuy Direct 0 0 0 Rent to HomeBuy 0 0 1,173 5,407 13,164 16,380
(2) how much funding his Department has allocated to low cost income ownership programmes in financial year 2009-10 to date; how much such funding it expects to allocate in financial years (a) 2010-11, (b) 2011-12, (c) 2012-13, (d) 2013-14 and (e) 2014-15; and how much such funding it expects to allocate beyond financial year 2014-15.
From 1 April 2009 to 30 December 2009 the Homes and Communities Agency has allocated £1,082 million for Homebuy and other low cost home ownership products within their Affordable Housing Programme.
Allocations for the Affordable Housing Programme 2008-11 are made as part of the Homes and Communities continuous market engagement process. Future estimated levels of allocations beyond 2010-11 will be dependent upon the outcome of the next spending review.