§ Ms Oona KingTo ask the Deputy Prime Minister what assessment he has made since the report of the Home Ownership Task Force of introducing(a) low tranche (below 25 per cent.) shared ownership schemes and (b) lower tranche (below 75 per cent.) Homebuy schemes. [152020]
§ Keith HillThe Home. Ownership Task Force, which reported on 13 November, has proposed 45 recommendations to assist in the delivery of affordable housing. The recommendations included allowing shared owners to purchase further shares in 10 per cent. tranches (rather than the current 25 per cent.) and the introduction of variable equity loans for the Homebuy scheme. The Office of the Deputy Prime Minister is considering these and other Task Force's recommendations in detail and will respond in the near future.
§ Ms Oona KingTo ask the Deputy Prime Minister what assessment he has made since the report of the Home Ownership Task Force of the case for requiring the Housing Corporation(a) to set benchmark rents for shared ownership properties and (b) to monitor the performance of registered social landlords against these. [152021]
§ Keith HillThe Housing Corporation intends to pilot headline performance indicators for shared ownership in the spring. The indicators have been developed in consultation with affordable housing providers, and measure key aspects of targeting of shared ownership schemes and service delivery.
The Home Ownership Task Force recommended greater transparency in setting rents for shared ownership properties, with the initial level of rents being monitored to ensure they are good value for money for users. The Housing Corporation already collects data on initial shared ownership rents. The Office of the Deputy Prime Minister is considering the Task Force recommendations in detail and will respond in the near future.