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Affordable Housing: Finance

Volume 506: debated on Tuesday 2 March 2010

To ask the Secretary of State for Communities and Local Government what allocations have been made to each region by the Homes and Communities Agency under the (a) HomeBuy Direct, (b) New Build HomeBuy, (c) Open Market HomeBuy, (d) First Time Buyer's Initiative, (e) Social Homebuy and (f) Rent to HomeBuy schemes for (i) 2009-10 and (ii) 2008-11. (318720)

The following table shows allocations made through the Homes and Communities Agency for 2009-10 and 2008-11 both to the end of January 2010 by region for HomeBuy Direct; New Build HomeBuy; Open Market HomeBuy; First Time Buyer's Initiative; Social HomeBuy and Rent to HomeBuy. The allocations shown are in respect of those made each year for 2008-09 and 2009-10 to end of January 2010 respectively. Allocations for 2010-11 will not be made until the next financial year. The 2009-10 allocations are included in the overall 2008-11 figures.

Allocation (£ million)

Sub-product type

Region

2008-11

2009-10

(a) HomeBuy Direct

Eastern

55.60

55.60

East Midlands

35.66

35.66

London

20.00

20.00

North East

33.13

33.13

North West

50.14

50.14

South East

53.54

53.54

South West

51.37

51.37

West Midlands

42.69

42.69

Yorkshire and the Humber

45.62

45.62

Total

387.75

387.75

(b) New Build HomeBuy

Eastern

33.79

10.21

East Midlands

21.15

2.43

London

302.78

128.74

North East

5.85

1.08

North West

47.72

2.85

South East

76.75

24.21

South West

38.54

19.51

West Midlands

36.24

6.48

Yorkshire and the Humber

21.08

3.22

Total

583.91

198.72

(c) Open Market HomeBuy

Eastern

67.18

30.71

East Midlands

10.57

2.50

London

123.49

53.08

North East

1.07

0.41

North West

8.86

2.38

South East

116.24

51.21

South West

38.22

13.80

West Midlands

18.40

7.10

Yorkshire and the Humber

13.10

4.84

Total

397.11

166.04

(d) First Time Buyer's Initiative

Eastern

26.85

0.00

East Midlands

11.49

0.00

London

75.39

0.00

North East

9.20

0.00

North West

27.70

0.00

South East

82.86

0.00

South West

36.08

0.00

West Midlands

18.49

0.00

Yorkshire and the Humber

9.99

0.00

Total

298.04

0.00

(e) Social Homebuy

Eastern

1.16

0.00

East Midlands

0.17

0.00

London

8.77

0.11

North East

0.51

0.00

North West

1.28

0.02

South East

1.29

0.00

South West

0.90

0.01

West Midlands

0.83

0.01

Yorkshire and the Humber

0.30

0.05

Total

15.22

0.19

(f) Rent to HomeBuy

Eastern

27.64

5.21

East Midlands

21.68

7.23

London

176.31

84.98

North East

1.74

0.75

North West

23.31

7.93

South East

13.19

3.96

South West

22.24

14.57

West Midlands

10.58

3.98

Yorkshire and the Humber

16.95

10.63

Total

313.63

139.24