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Shared Ownership can work for
you, both at the level of dealing with individual demand and strategically. It
offers the potential of delivering a variety of service models and requires no
capital investment and in many cases, requires no Housing Corporation grant.
Shared Ownership may be a
good ad-hoc solution for:
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A
person who has a disability, who is living at home with parents
and who wants to move out |
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A
young person in transition, who is leaving residential school who wants to
live independently |
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Somebody
living in a residential care home who wants to move into a supported
living environment |
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Somebody
living in rented accommodation who would benefit from long-term security,
rather than the six months offered by a tenancy agreement |
Shared Ownership could also
be used strategically, either at a regional or local level, as part of:
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A
modernisation strategy inspired by Valuing People or the new Green Paper,
for example re-provisioning care homes or tenanted supported living |
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A
plan to reduce dependency on out-of-authority placements |
Shared Ownership offers the
opportunity to develop a range of service models, including:
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Accommodation
and support for people who wish to live by themselves, maybe close to
family and friends |
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Accommodation
and support for two or three friends living together, potentially reducing
the cost of support |
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Extra
Care, (clusters of six/eight apartments on the same site) combining the
best of residential care and the benefit of owning your own home and
currently being promoted by the Department of Health |
Shared Ownership properties
can meet the specific needs of individuals and can offer choice. Housing
Association partners can provide new build properties, re-sale of existing
shared ownership homes, or property sourced on the open market.
It’s also worth remembering
people who purchase a Shared Ownership Home get support from start to finish, to
ensure a smooth and easy transaction. Full details can be seen on our
consumer
website.
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