Decision details

The Council’s Housing Strategy includes an objective to deliver homes across a range of tenure so that lower income working households have more housing options.

The Cabinet will be asked to approve proposals for a pilot of low cost home ownership products aimed at enabling households to own a share of their home, options for New Build Shared Ownership, options for current tenants to own a share of their home.

Cabinet resolved to:

(i)  Approve the proposals for the introduction of a Tenant Shared Ownership Scheme as detailed in the report;

(ii)  Agree that the proposals be subject to public consultation for a minimum six week period; and

(iii)  Note that a report advising on the outcome of the public consultation and proposing the final policy and implementation date shall be presented to the Cabinet in due course.