How they do it: Homebuy allows low income households in England to purchase a home. Hereby the government and a housing developer provide part of the capital needed to purchase a house, and the customer only has to pay / get a mortgage for the remaining value of the home. The financier owns part of the home, but the customer has the full right to live in the home.
Target The Poor
How they do it: HomeBuy targets people who otherwise wouldn’t be able to come up with the equity to purchase a home on their own. By setting the conditions so that only low income citizens can make use of the program, the government ensures that their subsidies go to the right people.