Report of the Group Director of Operations.
The Cabinet Member with the Health and Housing Portfolio introduced the report of the Group Director of Operations (previously circulated) requesting that consideration be given to the Housing Services Low Cost Home Ownership Policy (also previously circulated).
The submitted report stated that Housing Services were committed to building sustainable communities and offering low-cost homes both to rent and buy; for residents who would like to own their own home but were unable to afford to purchase a property outright from the open market, the Council offered a range of low cost options; and that the Housing Services Low Cost Home Ownership Policy outlined the range of home ownership options available for Council properties.
RESOLVED – (a) That the report be noted.
(b) That the Housing Services Low Cost Home Ownership Policy, as appended to the submitted report, be approved.
REASONS – (a) The Government’s Social Housing White Paper, ‘Charter for Social Housing Residents’ published in 2020, introduced a new Right to Shared Ownership and aims to ensure that 50 per cent of new homes delivered by the Affordable Homes Programme, and supported by grants through Homes England, will be for affordable home ownership.
(b) This policy sets out the low cost home ownership products that will be offered to residents, to meet the Government’s aims.?????