Minister Ní Chuilín provides £10million to Co-Ownership
Communities Minister Carál Ní Chuilín has allocated £10million to enable Co-Ownership to reopen to new customers.
Co-Ownership is the Department’s main delivery partner for affordable housing.
It offers people the opportunity to enter homeownership through its products Co-Own and Rent to Own.
Co-Ownership paused the processing of new applications on 24 March 2020 due to the impact of COVID-19.
The news follows the Communities Minister’s confirmation that the housing market can reopen with safety measures in place.
Article continues below:
Speaking to Newry Times, Minister Carál Ní Chuilín said, “Reducing housing stress and increasing supply are key policy objectives.
“This is the case across all tenures so I very much support the work of Co-Ownership in providing the opportunity of homeownership to so many people here.
“Co-Ownership, through support from the Department, has assisted over 29,000 people to own their own home.
“It has increased the opportunities for many including first-time-buyers, and those returning to the market, who are in employment but cannot access sufficient housing finance in the mortgage market.
“This £10m investment from my Department will enable the scheme to open again to new customers who are interested in exploring Co-Ownership as a route to homeownership,” she added.
Chief Executive of Co-Ownership Mark Graham added, “We welcome the Department’s investment which has allowed us to reopen to new applications.
“Co-Ownership has been helping people into affordable homeownership since 1978.
“This vital support from the Department allows us to open with immediate effect, supporting a backlog of potential applicants and their future homeownership aspirations,” he added.
Anyone interested in finding out more about Co-Ownership can visit co-ownership.org or call 028 9032 7276.
5 Powerful Benefits of Blogging EVERY Northern Ireland Business Owner, Marketing Manager and Director Needs To Know
Short URL: https://newrytimes.com/?p=71959