A £2.7 million scheme has created 65 shared ownership homes to help local people get on the housing ladder in York.
Under the council’s shared ownership lease, the resident buys a share of the property and pays rent on the remainder owned by the landlord.
The proportion of the owned share can increase as and when the resident can afford it.
The council has bought the properties on the open market for £2,762,500, which “will benefit future generations of shared owners”.
It has enabled 56 first time buyers, and nine others who wouldn’t otherwise have been able to afford it, to buy their own home.
The scheme was run in partnership with Homes England as part of the council’s housing delivery programme.
Cllr Denise Craghill, the council’s housing lead, said: “We know that there is a demand for affordable housing options in York. As such, it is good news that more shared ownership homes have been created through this programme.
“This scheme has helped 56 first time buyers get on to a difficult housing ladder, which is something that should be celebrated.”