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.
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 220.127.116.11 General provisions for special residences