Written Questions are submitted by MPs or Lords to receive information from a Department.
|17 Oct 2017, 4:57 p.m.||Sir Christopher Chope MP (Conservative - Christchurch)||Sir Christopher Chope MP (Conservative - Christchurch)|
Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Communities and Local Government, what steps he is taking to encourage private institutional investment in (a) affordable rent-to-buy schemes and (b) other affordable home ownership products.
Answered by Alok Sharma - Secretary of State for Business, Energy and Industrial Strategy
We continue to actively engage with and meet a range of organisations from the commercial sector and institutional investors who may have an interest in supporting delivery through the Affordable Homes Programme, which includes Rent to Buy and Shared Ownership.
The Affordable Homes Programme, through which we have delivered 333,000 new affordable homes since 2010, has been opened up to enable private developers to deliver Shared Ownership.
We have also set out a long term rent deal for social landlords in England, where increases will be limited to CPI + 1 per cent for 5 years from 2020. This will enable these providers the certainty they need to leverage in more private finance to build more homes across all tenures, including for home ownership.