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Key Worker Living programme

  • Last modified date:
    9 February 2007

An update for London, South and East of England (Gateway reference: 3874)

What is available via ODPM - Key Worker Living programme

  •  ' Equity loans' of up to £50,000 to help key workers buy a home on the open market or a new property built by a registered social landlord.
  • Shared-ownership of newly built properties. (You buy at least 25% of the home and pay a reduced rent on the remaining share).
  • 'Intermediate renting' where the rent is set at a level between that charged by social and private landlords.

Overall programme £690m with NHS contribution

NHS share 40% of total

NHS contribution is to allow teachers and police officers access to NHS accommodation where not needed by NHS staff

Progress as at 31 August 2004 is below.

The Key Worker Living Scheme situation for Health as at the end of August 2004

Homebuy
 Number
at an
advanced
stage of
KWL
Homebuy		Number of
comple-
tions
to date		% of total
of all key
worker
comple-
tions

London

312

84

34

South
East

206

107

41

East

84

21

34

Overall
Total

602

212

37


Shared Ownership

 

Number who
have reserved
a property or
completed

Indicative
allocation

London

0

Legal details
of scheme still
under preparation
by ODPM.
Therefore, not yet
available

South
East

12

East

3

Total

15


Intermediate Renting

 Number
reserved
or placed		Indicative
allocation
London0

No details available
from ODPM

South
East		0
South
East		2
Total2

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