Sheffield City Council's Shared Ownership scheme helped people buy part shares in a home they wanted to purchase.15 new two, three and four-bedroomed homes were made available in 2023.

The scheme saw the council become a provider and manager of Shared Ownership homes, which were built or acquired as part of the council’s programme for increasing the number of new homes in the city, the Stock Increase Programme.

<span>Councillor Terry Fox, Leader of Sheffield City Council, said:</span><span> 'Young families, couples or single people who can afford to buy part of a new home through either a deposit or a mortgage but who can’t get a mortgage for the full value of the property will see this progress as welcome news.  It's so important to open up these opportunities for households on limited incomes to part purchase their homes if they want to or if they cannot afford to buy in full. To see the first houses becoming available is so good to see, and whilst I know we need many more new homes, every bit of progress in the right direction helps.'</span>

Image from Sheffield City Council Twitter account.