We would welcome proposals in 3 categories:
- private shared ownership which would be primarily privately funded
- other private affordable homeownership products which should be primarily privately funded
- other innovative routes into homeownership which do not require government investment but may require the removal of regulatory or other barriers
Proposals should not rely on government grant funding, government guarantees or developer s106 contributions.
We are particularly interested in private shared ownership proposals where we believe government loan funding will play an important part in removing the risk and financial uncertainty created by staircasing. (Staircasing is the term given to buying extra shares in a shared ownership property.)