Hebridean Housing Partnership to expand shared equity scheme
Hebridean Housing Partnership (HHP) is expanding its “highly successful” shared equity scheme to rural sites across the Outer Hebrides with the support of the Scottish Government.
Sites are currently being identified to expand the New Supply Shared Equity (NSSE) scheme and are currently hoped to include Breasclete, Balivanich and Horgabost with others to follow. Previous new developments at Manor Drive, Ardanmhor Court, Mackenzie Park and Memorial View have helped over 50 households purchase a new home.
In 2017 the Scottish Government announced it was opening up the scheme to give better access to affordable housing for those over 60.
The New Supply Shared Equity scheme is designed to help people who, without assistance from the scheme, would be unable to buy a new build house that suits their needs. It is available to first time buyers and priority will be given to:
The NSSE scheme is also available to people who have previously owned a home and have experienced a significant change in circumstances – for example, a marital breakdown.
Norman Macleod, the chair of HHP’s Board, said “This is an exciting opportunity for HHP to build affordable homes in areas across the Outer Hebrides that have limited options for households on a low to moderate income. We are also very pleased by the Scottish Government expansion of shared equity for those over 60.”