Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

Building a Housing Ladder of Opportunity - Housing StrategyThis will enable homes that they vacate to be used for new householdsthat require accommodation.3.4 As part of its ladder of opportunity approach, the Council wishes awider section of the community to be able to access affordable rentedhousing. Specifically, the Council intends to give greater priority tofuture applicants who are making a community contribution, such as exarmed services personnel and working households. The Council alsowishes households whose incomes rise above a certain threshold, toaccess housing options in the private sector (e.g., private rentedhousing, discount market sale housing); other intermediate housingoptions run by private registered providers; or, where eligible, exercisetheir right to buy.3.5 The Ladder of Opportunity set out below, illustrates affordable rentedhousing as one of a number of ‘rungs’ on a ladder. To emphasise thepoint, the Council sees affordable rented housing as a staging point forhouseholds’ housing aspirations not a destination point.Ladder of OpportunityFreehold homeownershipHigher levelsof incomeand wealthLeaseholdownershiphomeLow Cost HomeOwnership / incShared Ownership& Shared EquityAssured Tenancy /Assured ShortholdTenancyStarter TenancyPrivateAssuredTenancyRentedShortholdSecure Tenancy /Flexible TenancyIntroductory TenancyNonTenancySecureLiving in SharedAccommodationHomelessLower levelsof incomeand wealthLiving at HomeRefuge / Hostel /SupportedAccommodation13Page 373