Affordable housing up 4%
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A gross total of 55,770 additional affordable homes were supplied in England in 2008-09, an increase of 4% from the 53,480 additional affordable homes supplied in 2007-08.
Figures released today from Communities and Local Government show the number of new affordable homes provided in England is the highest since 1996-97.
There were 22,970 low cost home ownership completions in 2008-09, a 1% increase from 22,730 in 2007-08.
Some 51% of low cost home ownership completions in 2008-09 were through New Build HomeBuy, down from 64% in 2007-08. The number of New Build HomeBuy completions decreased by 18%, to 11,820 in 2008-09, with 6,220 Open Market HomeBuy completions in 2008-09 more than double the number, 2,880 in 2007-08.
New build homes accounted for 43,220 or 78% of all new affordable homes supplied in 2008-09, a small decrease on the proportion in 2007-08, 81%.
New build homes with funding from the Homes and Communities Agency accounted for 63%, 35,320 of total additional affordable homes supplied in 2008-09, a similar proportion to the previous year.
Acquisitions through the Homes and Communities Agency accounted for 17% of gross additional supply in 2008-09. The remainder of affordable homes supplied were funded by other sources.
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