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28 February 2018

CHC response to launch of Rent to Own - Wales and Shared Ownership - Wales

Today Housing and Regeneration Minister Rebecca Evans AM launched the Welsh Government's Rent to Own – Wales and Shared Ownership – Wales schemes. The £70m investment serves as part of its commitment to building 20,000 affordable homes by 2021.

In response, Hayley Macnamara, Policy and Programmes Manager at Community Housing Cymru said:

“We welcome Welsh Government’s significant grant investment to help housing associations develop Rent to Own and Shared Ownership properties. By assisting people who are struggling to save for a deposit, it helps those on low budgets leave the private rental market and buy their own homes. Crucially, it also generates an income stream that can be reinvested into the social housing sector.

“As a sector we are committed to meeting the target to build 20,000 affordable homes by 2021, and are working closely with the Welsh Government to develop effective models such as Rent to Own that will help us achieve our vision to make good housing a basic right for all.”