Communities and Local Government written question – answered on 8th May 2008.

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Photo of Eric Pickles Eric Pickles Shadow Secretary of State for Communities and Local Government

To ask the Secretary of State for Communities and Local Government what her target is for the number of transactions under each of the (a) social market homebuy, (b) New Build HomeBuy and (c) Open Market Homebuy schemes annually.

Photo of Iain Wright Iain Wright Parliamentary Under-Secretary (Department for Communities and Local Government)

We have clearly stated in the Housing Green Paper 'Homes for the future: more affordable, more sustainable', that we will provide 25,000 shared ownership and shared equity homes a year over the next three years. We have not set individual targets for Open Market HomeBuy or NewBuild HomeBuy to ensure flexibility within the programme. Social HomeBuy is a demand-led product and as such no targets are associated with this programme.

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