A housing group is hoping to achieve a UK ‘first’ with a
novel way of addressing Oxford’s affordable housing shortage. A coalition of
community-led housing groups have joined forces and plan to tackle the eye-watering
house prices, which now cost sixteen times the average income for the city.
Over half of the new homes would be made permanently affordable by adopting a
land trust model to separate the land value from the homes, making them
affordable for most people through rent or equity share, and by putting in
place cooperative leasing to ensure there is no Right to Buy in the long term.
The development will thereby remain as a mix of owner occupied and rented
homes. Read more on 24dash.
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