PPS 12 Housing in Settlements·Page 20·47
Co-ownership Low Cost Owner Occupation Scheme
The co-ownership scheme is identified as the main delivery mechanism for affordable housing, having successfully helped over 18,000 people into home ownership over 26 years, with potential for expansion being considered.
At present the main delivery mechanism for affordable housing is the co-ownership low cost owner occupation scheme. This represents a very successful single product approach, which has helped over 18,000 people into home ownership over the past 26 years. This success has been recognized by the Northern Ireland Affairs Committee (NIAC) in its recent report on "Social Housing in Northern Ireland". DSD are looking at the potential expansion of the scheme.
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