The Shared Ownership and Affordable Homes Programme 2016 to 2021
The Shared Ownership and Affordable Homes Programme 2016 to 2021 is intended to increase the supply of new shared ownership and affordable homes in England by March 2021.
In the foreword, Greg Clark MP, Secretary of State for Communities and Local Government wrote, "A Shared Ownership home allows the purchaser to buy a share in the equity while paying rent on the non-purchased share. For many people, this is a chance they didn’t have before to get on to the housing ladder – and to go on to purchase further slices of equity. Since 2011, nearly 41,000 affordable homes have been made available through Shared Ownership. Recognising the level of public demand, we want to greatly expand supply."
The £4.7bn of capital grant is intended to provide:
- 135,000 homes for Help to Buy: Shared Ownership;
- 10,000 homes for Rent to Buy; and
- 8,000 homes for supported and older people’s rental accommodation.
However, other than a 5% share of the funding available for specialist accommodation there is no provision for housing for rent. According to the Royal Institute of British Architects (RIBA) this “…marks the end of an era for the social housing sector and a decisive government shift towards support for home ownership.” ref Homes for rent dropped from government housing programme.
They suggest that housing associations that continue building for rent will now have to rely on partnership funding or private development finance.
In London, the Greater London Authority (GLA) will manage the scheme, and it is thought that building for rent will continue to be supported.
 Related articles on Designing Buildings Wiki
- Affordable housing
- Affordable rented housing.
- Conservative party conference affordable housing.
- Help to buy.
- Homes and Communities Agency.
- Housing associations.
- Housing standards review.
- Intermediate housing.
- Laying the foundations: a housing strategy for England.
- Rent to buy.
- Right to buy.
- Right to rent.
- Shared ownership.
- Social housing.
- Social rented housing.
- Starter homes.
Featured articles and news
3 ways the world’s fastest growing economies can close the infrastructure gap.
The sooner early warning notices can be appreciated as of mutual benefit rather than one-sided advantage, the better.
BSRIA responds to government green storage announcement.
What is phenomenology and how does it relate to the built environment?
Read about Belgrade's Brutalist landmark - the Western City Gate.
Read about the measures that can be taken by individuals to protect and minimise exposure to outdoor sourced air pollution.
Government announces leaseholds on new-build houses will be banned.
Transport Secretary announces public consultation into London's funding of Crossrail 2.
Have a look at some of the most impressive concert stage designs of all time, including Pink Floyd, U2, Rolling Stones, and more...
What is the Home Quality Mark? Find out how it can help you when buying/renting a new home.
Business Secretary launches £246m Faraday Challenge to establish UK as world leader in battery technology.
Government announces new plans for regulations to improve safety and security awareness of drone users.
Read our introductory article to the various different types of fuel.