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01/11/2012
£50m Secured For Housing Funding
A Northern Ireland housing association has announced it has secured £50m to help buyers take the first step on the property ladder.
Barclay’s Bank and Bank of Ireland have announced they will each be providing £25m for private investment through Co-Ownership Housing over the next three years.
Co-Ownership Housing is a registered housing association and Northern Ireland’s regional body for shared ownership. It has been operating since 1978.
The Co-Ownership scheme is aimed at people who are struggling to afford to buy a home.
The scheme works by allowing purchasers to buy a share in a property which could amount to anything from 50% to 90%.
Every case is assessed individually and all properties are subject to valuation before purchase.
The news was welcomed by Social Development Minister Nelson McCausland.
He said: "The provision of good quality, affordable housing is a key priority of the Executive. Through the Co-Ownership scheme, government and the private sector are working together to facilitate a better future for those who want a stepped approach into home ownership.
"Last year, along with my colleague Finance Minister Sammy Wilson, I was able to announce £100m funding for Co-Ownership until 2014/15. Together with this private investment announced today, some 2,500 homes will be able to be purchased, mainly by first time buyers, over the next four year period.
"I would encourage those who can, to consider availing of this new funding package."
(IT/GK)
Barclay’s Bank and Bank of Ireland have announced they will each be providing £25m for private investment through Co-Ownership Housing over the next three years.
Co-Ownership Housing is a registered housing association and Northern Ireland’s regional body for shared ownership. It has been operating since 1978.
The Co-Ownership scheme is aimed at people who are struggling to afford to buy a home.
The scheme works by allowing purchasers to buy a share in a property which could amount to anything from 50% to 90%.
Every case is assessed individually and all properties are subject to valuation before purchase.
The news was welcomed by Social Development Minister Nelson McCausland.
He said: "The provision of good quality, affordable housing is a key priority of the Executive. Through the Co-Ownership scheme, government and the private sector are working together to facilitate a better future for those who want a stepped approach into home ownership.
"Last year, along with my colleague Finance Minister Sammy Wilson, I was able to announce £100m funding for Co-Ownership until 2014/15. Together with this private investment announced today, some 2,500 homes will be able to be purchased, mainly by first time buyers, over the next four year period.
"I would encourage those who can, to consider availing of this new funding package."
(IT/GK)
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06 August 2015
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A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
18 March 2008
Co-ownership Closes Its Doors
Northern Ireland's Co-ownership Housing Scheme cannot cope with the growing number of people who want assistance in buying a home. Alan Crowe, Chief Executive of Co-Ownership Housing today announced that no new applications can be taken for Co-Ownership at this time due to funding shortages.
Co-ownership Closes Its Doors
Northern Ireland's Co-ownership Housing Scheme cannot cope with the growing number of people who want assistance in buying a home. Alan Crowe, Chief Executive of Co-Ownership Housing today announced that no new applications can be taken for Co-Ownership at this time due to funding shortages.
05 September 2008
Further Housing Association Commitment To First-Time Buyer Scheme
The Government's latest first-time buyers scheme has been given a further boost with the announcement that the North and West Housing Association has committed £4m to the money pot. This comes hot on the heels of the NI Housing Minister's announcement earlier this week of an affordable housing scheme in Portadown.
Further Housing Association Commitment To First-Time Buyer Scheme
The Government's latest first-time buyers scheme has been given a further boost with the announcement that the North and West Housing Association has committed £4m to the money pot. This comes hot on the heels of the NI Housing Minister's announcement earlier this week of an affordable housing scheme in Portadown.
10 July 2012
Minister Admits Uncertainty Remains In NI Housing Market
Minister for Social Development Nelson McCausland has noted the publication of the latest Royal Institution of Chartered Surveyors Housing Market Survey.
Minister Admits Uncertainty Remains In NI Housing Market
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02 September 2008
Partnership Scheme To Aid First-Time Buyers
Northern Ireland is to pilot a re-emerged 50% mortgage scheme, designed to give first-time buyers a much-needed leg-up onto, the now elusive, property market. The Province will be the first part of the UK to implement the trial scheme, which will see developers and housing authorities stump-up half the value of a home.
Partnership Scheme To Aid First-Time Buyers
Northern Ireland is to pilot a re-emerged 50% mortgage scheme, designed to give first-time buyers a much-needed leg-up onto, the now elusive, property market. The Province will be the first part of the UK to implement the trial scheme, which will see developers and housing authorities stump-up half the value of a home.
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
