Search Results for 'East Bay Housing Organizations'

The Local Authority Affordable Purchase Scheme helps people on low to moderate incomes buy homes at reduced prices. New homes under this scheme are located in areas with the greatest housing need and where affordability is an issue. The local authority takes a percentage stake in your home that covers the reduction in price. So, if you buy the home at a 20 per cent discount the local authority will have a 20 per cent stake in your home. If you want, you can buy back the local authority’s stake at any time, but you don’t have to. This scheme is aimed at first-time buyers, but there are some exceptions to this.