Footnote:
In: Chapter in Michael Diamond and Terry Turnipseed (eds), Community, Home and Identity (Ashgate, 2012)
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 10, 2011 erstellt
Description:
In this chapter we analyze the legal routes used to deliver Low Cost Home Ownership in England where there is some element of public subsidy involved. In order to evaluate the various products used for LCHO (right to buy, part-ownership, co-operative housing models), this chapter: a) Explains the legal frameworks used to deliver the main LCHO products available in England; b) Explores the potential benefits of home ownership to the individual in the form of wealth creation, "mainstreaming" and security of place; c) Sets out key additional policy objectives of LCHO, in particular introducing and supporting tenure mix (sustainable communities) and sustaining the opportunity for continued use of the subsidy to provide access to LCHO for intermediate income households; and d) Evaluates the extent to which the different products available deliver both the individual benefits of home ownership and support the wider policy objectives