History and myths of the Open Market Homebuy scheme for England and Wales
New affordable housing in Staffordshire through Homebuy
Those struggling to get onto the property ladder in
Staffordshire are being urged to visit a new development to see the
type of home they could afford through the latest HomeBuy scheme.
South Staffordshire Housing Association will be offering 66 homes at
Littleton Green, Huntington, near Cannock, for shared ownership, with
a further 28 for rent.
The new homes, on the former Huntingdon colliery site, are being developed
over the next three years as part of a wider project, and
are helping to breathe new life into the area.
The scheme allows people to buy a share of a property and pay
a subsidized rent on the rest. As families become more financially
confident, they can increase the share they own in the property.
South Staffordshire Housing Association, based in Acton Gate, near
Stafford, is managing the affordable homes on the site and has worked
closely with the developer, Miller Homes, and South Staffordshire
Council to ensure that these particular properties will remain
affordable in the future.
Ursula Bennion, group director of business development for South
Staffordshire Housing Association, said: "The gulf between income and
house prices is larger than ever, making it even harder for people to
get onto the property ladder.”
The homes are finished to a high specification but, as the properties are being offered as shared ownership purchases, they are within reach of many more people than if they were for sale outright.