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.
Published on 13 April 2016 by the Homes and Communities Agency (HCA), it makes £4.7 billion of funding available to increase the supply of new shared ownership and affordable homes.
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.
[edit] Find out more
[edit] 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
Call for greater recognition of professional standards
Chartered bodies representing more than 1.5 million individuals have written to the UK Government.
Cutting carbon, cost and risk in estate management
Lessons from Cardiff Met’s “Halve the Half” initiative.
Inspiring the next generation to fulfil an electrified future
Technical Manager at ECA on the importance of engagement between industry and education.
Repairing historic stone and slate roofs
The need for a code of practice and technical advice note.
Environmental compliance; a checklist for 2026
Legislative changes, policy shifts, phased rollouts, and compliance updates to be aware of.
UKCW London to tackle sector’s most pressing issues
AI and skills development, ecology and the environment, policy and planning and more.
Managing building safety risks
Across an existing residential portfolio; a client's perspective.
ECA support for Gate Safe’s Safe School Gates Campaign.
Core construction skills explained
Preparing for a career in construction.
Retrofitting for resilience with the Leicester Resilience Hub
Community-serving facilities, enhanced as support and essential services for climate-related disruptions.
Some of the articles relating to water, here to browse. Any missing?
Recognisable Gothic characters, designed to dramatically spout water away from buildings.
A case study and a warning to would-be developers
Creating four dwellings... after half a century of doing this job, why, oh why, is it so difficult?
Reform of the fire engineering profession
Fire Engineers Advisory Panel: Authoritative Statement, reactions and next steps.
Restoration and renewal of the Palace of Westminster
A complex project of cultural significance from full decant to EMI, opportunities and a potential a way forward.
Apprenticeships and the responsibility we share
Perspectives from the CIOB President as National Apprentice Week comes to a close.