Affordable Housing in Ceredigion is a key priority of the Corporate Strategy, the Wellbeing Plan, the Housing Strategy and the Local Development Plan and the Council deploys significant resources in creating and managing affordable housing.
We know from the latest Local Housing Market Assessment (2019) there is a need for 32% of all housing to be affordable. Background work for the LDP and the Housing Strategy (2023-2028) demonstrates that a greater variety of ‘affordable products’ are needed to meet the needs of those seeking different types of affordable home.
However, the greatest demand remains within the social rented unit sector which stands at 67% of all affordable housing need (LHMA 2019). ‘Community Housing’ seeks to support people to meet their affordable housing needs in their local communities by creating a pathway to home ownership.
On average, 45 new affordable homes are delivered each year through planning gain and the social housing grant (SHG). Since the start of the LDP period (2008) 675 new affordable homes have been delivered countywide.
However, this is not enough, and by any measure, there is a greater need than we can presently supply. The ‘Community Housing’ scheme seeks to support people with affordable housing in their local communities by creating pathways to home ownership. The most common way to do this is through a shared equity product.
- Potential purchasers get a mortgage for c.55 - 75% share of the home
- The Council holds a share
- The Council offers an opportunity for the owners to ‘staircase up’ to higher share ownership of the property over time as their circumstances change
Scheme approval received from Cabinet on the 6th June 2023, details of which can be found:
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