Sir Gary Streeter:
To ask the Secretary of State for Housing, Communities and Local Government,
what his policy is in the event that a developer cannot find sufficient
purchasers to satisfy the First Homes policy.
Christopher
Pincher: Guidance for First Homes, published alongside the written
ministerial statement on 24 May 2021, recommends that if a home remains unsold
after a total of 6 months of marketing, despite making every reasonable effort
to ensure the home is sold to a suitable person, the developer should be able to
release the home onto the open market and pay the local authority a percentage
of the sale price equal to the proposed percentage discount.
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