Petition Affordable homes: amend law on new builds, compulsory purchases & shared schemes

Current law allows developers to build unaffordable homes (£175-£200k more for an area) on communal lands and on homes taken by compulsory purchases. Displaced residents are given less money than needed to relocate locally. Developers are still able to own sold homes via shared ownership schemes.

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Change the rules of compulsory purchases to ensure displaced residents get replacement values (not market value) plus 10%

Require homes built on communal land or compulsory purchased homes to be no more than 110% of the market value for older homes.

Ban shared ownership schemes if the price is more than 110% of the market value of older properties. New build homes are escalating housing inflation with their pricing which is underpinned by shared ownership schemes.

This petition is closed This petition ran for 6 months

37 signatures

Progress of the petition towards its next target: 37 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 29 March 2018
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