At the Housing & Community Safety (HACS) meeting held on Tuesday 11 February the meeting discussed two housing schemes were already established to assist people onto the housing ladder.
SDC already operates ‘A Home of Your Own’ scheme that assists those who purchase on the open market with the purchase price and so converted the properties to shared ownership. The Council had just completed its seventh such unit. Applicants currently in socially rented property had been prioritised so that their socially rented property would be freed up.
We also have the Homesteading scheme that provides grants of £15,000 for first-time buyers to improve long-term empty properties. Three such grants will be delivered shortly.
The Committee asked Officers to also look at the viability of a Tenants’ Incentive Scheme. This would provide assistance to those households who could afford mortgage payments but did not have the savings to provide the deposit or the outlays of purchase. This would again be aimed at social housing tenants in order to free up housing association properties. The Officer intended to further develop the proposals and bring back to the Committee for full consideration.
HACS will be examining more ways that SDC can assist those people too well off for social housing but are unable to step onto the housing ladder due to high property prices in the district.
The Committee agreed that the proposals were promising and complimented Housing Policy team.