Shared Ownership Overhaul Could Double Supply of Homes

A national report has called on the housing sector, government and funders to unite to double the supply of shared ownership homes to 30,000 and help address the UK’s growing affordability crisis. The Shared Ownership 2.0 report, launched today by Orbit Group and the CIH, sets out the potential to expand shared ownership so it becomes a fourth mainstream tenure, alongside home ownership and social and private renting. The report sets out the key issues that government, housing providers, lenders and regulators will need to address to increase shared ownership from its current 15,000 homes per year to at least 30,000 within the next Parliament – around 13 per cent of the 240,000 new homes England needs each year. Download a summary report from the Orbit website.