The report seeks to formalise the Council’s agreement to a request from Cross Keys Homes (a registered provider of social housing) to submit a DPA waiver request in respect of the Land off Malting Lane, Donington. This allows Cross Keys Homes to access affordable housing grant from Homes England, enabling them to provide shared ownership homes on the site.
This action would empower Cross Keys Homes to advertise the properties using Homes England's standard lease terms, effectively removing any restrictive conditions on ‘staircasing’ i.e. homeowners will be able to acquire up to 100% of the property. This is as opposed to staircasing being ‘capped’ at 80%. Applying the DPA waiver removes this cap, whilst also allowing the housing association to access grants to provide the homes.
This decision follows similar requests for DPA waivers to be sought on other sites across the district, in support of affordable housing delivery.