Affordable housing - staircasing of shared ownership homes

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5004
Question By: 
Sian Berry
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Thank you for your answers to my questions 2016/4590 and 2016/4589 on the monitoring of affordable home rent compliance under your funding programme. Does the annual compliance audit also look at the rate of 'staircasing' of shared ownership homes from the initial share to full ownership? Does your team investigate in cases where affordable homes are staircased to 100 per cent ownership (and thus to market housing) in an unfeasibly short amount of time?

Answer

Answer for Affordable housing - staircasing of shared ownership homes