1.1.S.137 Shared equity housing
This definition applies to all payments.
Some organisations provide accommodation for certain disadvantaged groups such as the elderly or physically or mentally disabled, on a shared equity basis.
Shared equity housing occurs when a person purchases a right to reside in supported accommodation by purchasing shares in a company.
Example: Singleton Equity Housing provides group accommodation to DSP income support recipients with intellectual disabilities. Residents are required to purchase shares in the company to secure their accommodation.
Shared equity housing as a retirement village
Shared equity housing is included under the special residence provisions and are assessed in the same way as retirement villages.
Policy reference: SS Guide 22.214.171.124 General Provisions for Special Residences