Low cost home ownership
Newport City Council works with housing associations and private developers to create affordable homes, below market value, for people needing housing in Newport.
The aim is to help create stable, mixed communities by developing quality housing for people who want a home but who are priced out of buying or renting a property on the open market.
The council advertises properties on Home Options Newport which includes:
- Rent to buy – you can rent your home from one of the partner housing associations and buy it in the future
- Part buy, also called shared ownership - you buy a share of a property and pay rent to a housing association for the remaining share
- Buy now with shared equity – you can buy 100% of a property and only pay up to 50% of the value. One of the partner housing associations retains an interest in the property for the remainder of the value, which can also be bought at a later date or repaid upon sale of your home
- Buy now – you can purchase a property now but can switch to renting it in the future if your circumstances change
The affordable housing scheme offers a range of homes in various locations across the city, part of larger developments built by national house builders.
Homes have to meet standards set out by the Welsh Government so you can be assured of a quality home at an affordable price.
Register and submit an application for affordable housing on Home Options Newport.