Affordable Housing: Key Workers

Department for Levelling Up, Housing and Communities written question – answered on 1st June 2022.

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Photo of Mike Amesbury Mike Amesbury Shadow Minister (Housing, Communities and Local Government)

To ask the Secretary of State for Levelling Up, Housing and Communities, if his Department will take steps to build affordable homes to ensure that keyworkers are able to afford homes in their communities.

Photo of Stuart Andrew Stuart Andrew Assistant Whip, Minister of State (Minister for Housing)

This Government is determined to make home ownership a reality for hard-working people who are currently priced out of their local area. First Homes are homes which are sold to first-time buyers with a discount of at least 30% from full market value.

Crucially, the discount will be passed on to all future purchasers in perpetuity, so these homes will keep helping first-time buyers onto the property ladder for generations to come. Beyond the national criteria, local authorities will be able to set local connection and/or key worker criteria for First Homes in their area, based on the needs of their local community.

Alongside support for key workers purchasing First Homes, we are committed to increasing the overall supply of affordable homes. Our £11.5 billion Affordable Homes Programme will deliver up to 180,000 affordable homes, should economic conditions allow. Approximately half of the homes delivered will be for affordable home ownership, supporting aspiring homeowners to take their first step on to the housing ladder.

The Government is committed to increase first-time buyer numbers in all regions, and will do so by looking at all of the factors that influence ownership levels, including housing supply and the availability of low deposit mortgages. We will also explore further options to limit the competition first-time buyers face. This means looking at all of the options available to government to limit the factors which are pricing out local people, seeking to learn from international comparators. In addition to First Homes, this Government runs a range of schemes to help people into home ownership such as the mortgage guarantee scheme, Help to Buy: Equity Loan, Shared Ownership and Lifetime ISA.

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