Housing: Income

Mr. Rogerson
To ask the Secretary of State for Communities and Local Government what the total amount was of capital receipts from shared owners staircasing up their equity share in (a) 2005-06 and (b) 2006-07; and to how many units these receipts related.

Yvette Cooper
[holding answer 1 May 2007]: When shared owners increase their equity share, the registered social landlord is required to reinvest the part of the receipt which represents any grant provided by the Housing Corporation for the provision of the property. In (a) 2005-06 this grant represented £48 million arising from the sale of further shares in 2,410 units. Data for (b) 2006-07 are not yet available.

The remaining receipts are retained by registered social landlords and details are not held centrally.