How does shared ownership work WDH?
Shared Ownership is a scheme for people who cannot afford to buy a home on the open market. You buy a share of the property and pay an affordable rent on the remainder with initial shares available from 50% up to 75% (sometimes lower).
Is WDH part of Wakefield Council?
Wakefield Council no longer owns any housing stock. All council properties were transferred to Wakefield District Housing (WDH) in 2005. Social housing providers are not-for-profit organisations that provide low cost homes for those in housing need.
Is WDH a charity?
Are WDH still be regulated as a CBS? Yes, as a CBS WDH continue to be registered with and regulated by the Regulator of Social Housing (RSH). We remain a charitable organisation and are still required to comply with charity law.
When was WDH formed?
WDH is a Charitable Community Benefit Society registered under the co-operative and Community Benefit Societies Act 2014 regulated by the Regulator of Social Housing (RSH). It was formed as a large-scale voluntary stock transfer from Wakefield Council, established in March 2005.