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1134061
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Ministry of Housing, Communities and Local Government more like this
star this property answering dept id 7 more like this
unstar this property answering dept short name Housing, Communities and Local Government more like this
star this property answering dept sort name Housing, Communities and Local Government more like this
star this property hansard heading Shared Ownership: Greater London more like this
star this property house id 1 more like this
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25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 268523 more like this
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answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-01more like thismore than 2019-07-01
star this property 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>
star this property answering member constituency North West Hampshire more like this
star this property answering member printed Kit Malthouse remove filter
star this property question first answered
remove filter
unstar this property answering member
4495
star this property label Biography information for Kit Malthouse more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes more like this