Strategic Housing Market Assessment - North Devon District Council

SHMA: Torridge and North Devon Update
Shared ownership for older people
3.42 This scheme is only for people aged 55 or over and works in the same way as
the shared ownership scheme. Applicants can only buy up to 75 per cent of
their home but once they do so, they don’t have to pay rent on the remaining
share.
Affordable Home Ownership for people with disabilities
3.43 Home Ownership for People with Long Term Disabilities (HOLD) is a tailored
product for purchasers whose specific needs are not met by the standard
HomeBuy products. The scheme enables eligible applicants to select a home
on the open market, which is then purchased by a housing association and
sold to the applicant on a shared ownership basis with rent paid on the
remaining share. Applicants can only apply for HOLD if the homes in the other
HomeBuy schemes don't meet your needs, for example, a ground floor
property is required.
3.44 The following table uses local authority data to summarise trends in
intermediate housing completions between 2001 and 2012.
Table 3.20: intermediate housing completions, 2001-2012
Intermediate
Rent
Intermediate
Ownership
All intermediate
North
North
North
Year Devon Torridge Devon Torridge Devon Torridge
2001/02 0 0 0 1 0 1
2002/03 0 0 0 2 0 2
2003/04 0 0 0 1 0 1
2004/05 0 0 0 10 0 10
2005/06 0 0 33 2 33 2
2006/07 0 0 27 11 27 11
2007/08 0 4 31 7 31 11
2008/09 1 0 34 20 35 20
2009/10 1 0 22 30 23 30
2010/11 12 0 0 13 12 13
2011/12 0 9 1 52 1 61
Total no. 14 13 148 149 162 162
(Source: North Devon and Torridge local authority housing completions data)
Key findings:
• 324 completions between 2001 and 2012 were equally divided between North
Devon and Torridge, the majority of which were for shared ownership; and
• Combined with totals at the 2001 Census, these completions imply totals of
472 intermediate properties in North Devon and 301 in Torridge, a very small
contribution to the housing stock.
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