Shared Ownership

(asked on 21st June 2022) - View Source

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

To ask the Secretary of State for Levelling Up, Housing and Communities, what steps his Department has taken to increase the availability of shared ownership properties.


Answered by
Stuart Andrew Portrait
Stuart Andrew
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
This question was answered on 29th June 2022

This Government believes that Shared Ownership has a vital role to play in extending the benefits of home ownership to those who might otherwise struggle to afford it. In April 2021, we introduced our new model of Shared Ownership, which forms a major part of our £11.5 billion Affordable Homes Programme (AHP).

The AHP aims to deliver up to 180,000 new homes, should economic conditions allow. Up to half of these homes will be for the new model of Shared Ownership. To further increase the availability of new model Shared Ownership homes, we have also introduced the Right to Shared Ownership. This will offer tenants living in eligible rented homes delivered through the AHP the opportunity to purchase their homes on Shared Ownership terms.

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