Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what assessment they have made of the potential for using the Social and Affordable Homes Programme budget to fund buybacks of unmortgageable flats from shared owners and convert those flats to social rent or other affordable rent.
Social housing providers currently have the option to repurchase homes where shared owners are unable to sell due to building safety issues. They can use Recycled Capital Grant Funding or alternative resources to do so. This is not an automatic entitlement for shared owners and is available at providers’ discretion. Providers will have their own policies setting out when this option is available, including any relevant eligibility criteria, and they are expected to publish all relevant policies on their websites in a clear and accessible format.
To deliver the scale of housing the country needs, we have confirmed a new 10-year £39 billion Social and Affordable Homes Programme to kickstart social and affordable housebuilding at scale across the country. We will publish a full prospectus for the new programme in autumn 2025.