Conservatives reveal housing policy revision

At least ten per cent of all applications for affordable housing should be provided through shared equity and without government development grants, the Conservatives pledged this week.

The party's housing policy complains that most councils define affordable housing as homes for rent and ignore the role of shared ownership. It promises to rewrite planning gain guidance to give shared ownership a more prominent role, with priority going to people most in need and those with family ties or jobs in the area.

Half of the approved development programme would be dedicated to shared ownership, the policy states. The party claims that this would finance 33,000 homes, almost 12,500 more than under Labour policies. It also promises to extend the right to buy to more than a million housing association tenants.

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