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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

First Step Assisted Home Ownership Policy Guidance: Update

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A decision made 3 June 2024:

Decision Reference:  MD-HC-2024-433

Public

Subject: Presentation of: Updated First Step Assisted Home Ownership Policy Guidance

 

Report Title: R.xx - Updated First Step Ownership Policy Guidance

Public

Decision(s):

The Minister decided to present the updated First Step Assisted Home Ownership Policy Guidance to the States Assembly, in advance of the launch of the second tranche of the scheme. The updated guidance will induce associated changes to the existing first-time buyer policy guidance, which will support the scheme's implementation.

Reason for Decision(s):

The policy objective of the First Step scheme is to support first-time buyers with the cost of purchasing a home suitable for their needs in the open market. The scheme will focus, in particular, on lower- to median-income households which might otherwise be unable to afford the cost of purchasing a home without some form of financial assistance, as detailed in the accompanying report.

Resource Implications: None.

 

Action Required: The Greffier of the States to arrange for the report to be presented to the States Assembly.

Signature:

 

 

Signed By: Minister for Housing

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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