How You'll Benefit
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:
- A person who has a disability, who is living
at home with parents and who wants to move out
- A young person in transition, who is leaving residential
school who wants to live independently
- Somebody living in a residential care home who wants
to move into a supported living environment
- 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:
- A modernisation strategy inspired by Valuing People
and the new Green Paper, for example re-provisioning care
homes or tenanted supported living
- A plan to reduce dependency on out-of-authority placements
Shared Ownership offers the opportunity to develop a range
of service models, including:
- Accommodation and support for people who wish to live
by themselves, maybe close to family and friends
- Accommodation and support for two or three friends
living together, potentially reducing the cost of support
- 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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