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

To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made on the financial impact of First Homes on property developers, including the receipts for sale of First Homes.

Our assumption is that First Homes will have minimal financial implications for property developers. This is because First Homes will only change the tenure mix that developer contributions are spent on, not the overall value of those contributions. In future, 25% of all affordable homes delivered by developers as part of their obligatory contributions will be First Homes.