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 ensure that there is adequate private investment in shared ownership accommodation.
We believe that Shared Ownership has an important role to play as part of a diverse and thriving housing market and since 2010 around 54,000 new Shared Ownership homes have been delivered.
We continue to work with the sector and lenders to ensure that Shared Ownership continues to be attractive to investment and have made a number of changes to support this, including expanding the Affordable Homes Programme from £7 billion to over £9 billion, standardising eligibility for buyers and extending funding for development to private providers.