Publisher's Synopsis
In April 1999 "Homebuy" was added to the range of low cost home ownership programmes designed to help low income households in England - particularly social housing tenants - into owner occupation. This study evaluates the success of the English Homebuy programme and: compares its operation to that of other low cost home ownership programmes; reports on its overall strengths and weaknesses - how well it meets its policy objectives, its affordability to purchasers and its value for money to taxpayers; assesses why people who can afford it do take up Homebuy, and the impact of their departure on the communities that they leave behind; and suggests changes that would allow the programme to reach lower income households.;The author concludes that the Homebuy programme has started strongly but now requires some change to its objectives and its design - without which it cannot be considered a substitute for other forms of low cost home ownership.
