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Help to Buy Scheme

Ministry of Housing, Communities and Local Government written question – answered on 3rd May 2018.

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Photo of John Healey John Healey Shadow Secretary of State for Housing

To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the loss in value of Help to Buy equity loans owed to the Exchequer as a result of the discovery of unsafe cladding.

Photo of Neil O'Brien Neil O'Brien Conservative, Harborough

To ask the Secretary of State for Housing, Communities and Local Government, what the value was of planning obligations agreed to in each year since 2010-11; and what proportion of that value was attributed to (a) direct payments, (b) affordable housing and (c) other types of contributions.

Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

Holding answer received on 30 April 2018
An error has been identified in the written answer given on 01 May 2018.

The correct answer should have been:

Following the Grenfell Tower tragedy we have been working urgently to identify any other buildings over 18 metres with potentially unsafe aluminium composite material (ACM) cladding. With the support of local authorities, fire and rescue services and the expert panel, MHCLG is supporting building owners to take immediate steps to ensure the safety of residents. Homes England is also reviewing the implications where homes may have been purchased with the support of Help to Buy Equity Loan.

The Government does not hold data for every year since 2010-11. In March this year we published a study on “The Incidence, Value and Delivery of Planning Obligations and Community Infrastructure Levy in England in 2016-17”. This found that last year Section 106 obligations with estimated value of £5.1 billion had been levied. This included affordable housing contributions worth an estimated £4 billion. £75 million of this was delivered through commuted sums, and the remainder was delivered in-kind.

Excluding affordable housing and land, s106 obligations to the value of £613.1 million were levied in direct contributions, and obligations to the value of £72.1 million were levied in in kind contributions.

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Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

Holding answer received on 30 April 2018

Following the Grenfell Tower tragedy we have been working urgently to identify any other buildings over 18 metres with potentially unsafe aluminium composite material (ACM) cladding. With the support of local authorities, fire and rescue services and the expert panel, MHCLG is supporting building owners to take immediate steps to ensure the safety of residents. Homes England is also reviewing the implications where homes may have been purchased with the support of Help to Buy Equity Loan.

The Government does not hold data for every year since 2010-11. In March this year we published a study on “The Incidence, Value and Delivery of Planning Obligations and Community Infrastructure Levy in England in 2016-17”. This found that last year Section 106 obligations with estimated value of £5.1 billion had been levied. This included affordable housing contributions worth an estimated £4 billion. £75 million of this was delivered through commuted sums, and the remainder was delivered in-kind.

Excluding affordable housing and land, s106 obligations to the value of £613.1 million were levied in direct contributions, and obligations to the value of £72.1 million were levied in in kind contributions.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.