Housing: Cooperatives

(asked on 24th November 2016) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask Her Majesty’s Government how much of the £7.2 billion housing investment announced in the Autumn Statement is earmarked for co-operative housing.


This question was answered on 7th December 2016

We have expanded the Shared Ownership and Affordable Homes Programme 2016-21 with an additional £1.4billion to deliver a further 40,000 housing starts by 2021, increasing the overall capital budget to over £7 billion. Housing Co-Operatives and others will be able to apply when the expanded programme opens to new bids early in the new-year through continuous market engagement. However, there will be no artificially imposed limit or quota on how much will be available for Housing Co-Operatives or other providers. The greater tenure flexibility we have introduced in the expanded programme will also make it easier for Co-Operatives to bid to deliver new homes.

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