Common Ground – for Mutual Home Ownership: Community land trusts and shared-equity co-operatives to secure permanently affordable homes for key workers

Citation

Birchall J, Conaty P, Bendle S & Foggitt R (2003) Common Ground – for Mutual Home Ownership: Community land trusts and shared-equity co-operatives to secure permanently affordable homes for key workers. CDS Co-operatives; New Economics Foundation. The Housing Corporation. http://www.cds.coop/about-us/mutual-home-ownership/Common%20Ground%20report.pdf

Abstract
In most areas of southern England from London to Exeter, 2002 was the first year where houses earned more than the average annual pay of people working in public services. Soaring mortgage costs for first-time buyers have been exacerbated in the South of England by a disproportionate gap between housing supply and housing demand in both homeowner and rented sectors. Those worst affected are workers on average incomes of between £15,000 and £25,000 per year, who are neither poor enough to rent from a social landlord nor rich enough to rent or buy in the open market.