(5 years, 11 months ago)
Commons ChamberThe midlands pilot was launched on 16 August, with over 9,000 house- holds registering for the ballot. Successful tenants are now applying to their housing association to buy their home. Our £200 million investment in the pilot will help thousands of housing association tenants to realise the dream of home ownership.
I realise this is a pilot, but if the Government do not know how many properties are available for sale and how many of the Mayor’s 6,000 lottery winners will actually be able to buy their own home, how is this the best use of scarce resources— £200 million—in the part of the country with the worst homelessness problem outside London and the south-east?
The whole purpose of a pilot is to answer the questions that the hon. Gentleman quite rightly raises. As for whether this is the best use of resources, I think that 9,146 housing association tenants in the area might agree it is, given that they applied for the funding. He is quite right that 6,000 were successful in the ballot, and we expect a smaller number than that to proceed to take advantage of buying their own home. Following the completion of the pilot, we will assess and answer those questions about where we go next.