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1134061

	registered interest
	date	24/06/2019
	answering body	Ministry of Housing, Communities and Local Government
	answering dept id	7
	answering dept short name	Housing, Communities and Local Government
	answering dept sort name	Housing, Communities and Local Government
	hansard heading	Shared Ownership Schemes: Greater London
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Housing, Communities and Local Government, what steps the Government is taking to ensure that shared home ownership is affordable in London.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	268523
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>We believe that Shared Ownership has an important role to play, as part of a diverse and thriving housing market, in helping those who aspire to home ownership but may be otherwise unable to afford it. The combination of rent and mortgage will often be lower than the cost of outright purchase and in many areas lower than the cost of private renting.</p><p>We have made changes to Guidance for grant funded Shared Ownership, including raising the income cap on Shared Ownership in England from £60,000 to £80,000 and up to £90,000 in London - allowing 175,000 more households to have access Shared Ownership.</p><p>Between 2015 and 2018 - 6,041 shared ownership homes were completed in London.</p><p>The Mayor has overall responsibility for housing policy and delivery in London, but we are all agreed that London needs to build many more homes to meet its need. That is why we have agreed that London will receive £4.8 billion of the Affordable Homes Programme funding (including £1.67 billion announced at Spring Statement 2018) to deliver at least 116,000 affordable housing starts by March 2022.</p> answering member constituency North West Hampshire answering member printed Kit Malthouse question first answered 01/07/2019 16:20:55 answering member 4495 label Biography information for Kit Malthouse
	tabling member	4635 label Biography information for Eddie Hughes

1134062

	registered interest
	date	24/06/2019
	answering body	Ministry of Housing, Communities and Local Government
	answering dept id	7
	answering dept short name	Housing, Communities and Local Government
	answering dept sort name	Housing, Communities and Local Government
	hansard heading	Shared Ownership Schemes
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment he has made of the effect of the Starter Homes programme on levels of shared ownership.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	268524
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>Since 2010, we have delivered over 430,000 additional affordable homes to rent and buy. Starter Homes, as defined in Chapter 1 of the Housing and Planning Act 2016, require secondary legislation to further define the product before they are brought to the market. As the Government's Starter Homes programme is not yet in operation, it will have had no effect on the levels of Shared Ownership. In fact, Shared Ownership completions were over 11,000 in 2018 and have increased every year since we started collecting this data</p><p><br> We have been engaging with the industry to ensure the regulations to define Starter Homes are sound and that the product works for all concerned. We intend to lay these regulations before the House later this year.</p> answering member constituency North West Hampshire answering member printed Kit Malthouse question first answered 01/07/2019 16:22:18 answering member 4495 label Biography information for Kit Malthouse
	tabling member	4635 label Biography information for Eddie Hughes