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Housing: Low Incomes

Communities and Local Government written question – answered on 11th June 2009.

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Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Secretary of State for Communities and Local Government what proportion of initial equity was purchased on average under the Social HomeBuy scheme in each of the last three years.

Photo of Ian Austin Ian Austin Minister of State (Regional Affairs) (West Midlands), The Parliamentary Under-Secretary of State for Communities and Local Government

The following table shows the average equity value of properties purchased under Social HomeBuy schemes in England since 2006-07, when the Social HomeBuy scheme started.

Social HomeBuy
Average value of equity (£)
2006-07 132,630
2007-08 143,740
2008-09 127,480
Source:

Homes and Communities Agency (HCA) Investment Management System (IMS)

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