LOCAL people, unable to afford the full cost of a new house in Redcar, are being invited to initially buy a 50 to 75 percent stake in the property of their choice.
The invitation is being extended on a new housing development at Mickledales, where Yuill Homes is building ten new homes in partnership with the Tees Valley Housing Group.
Six two-bedroom homes and four three-bedroom houses are involved in the scheme, which has the support of Vera Baird, the town's MP.
She said: "It is vital that we ensure the mix of housing across Tees Valley provides something for everyone who wants to live in this lovely area.
"Shared ownership schemes are an important part of that mix, and I am convinced that they will prove increasingly popular in years to come, both with housing providers and local people who are looking to invest in a home for their future.
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