How the programme works

Nine steps, in three parts: what the State buys, how the support is priced, and how the support is settled. The third part is undecided.
1

What the State buys

Occupied, affordable homes — verified as such — rather than construction progress.

2

How support is priced

Serviced land is valued and charged for. The remaining support is competed, not negotiated.

3

How support is settled

How the State discharges what it owes. Government has not chosen a method.

Government decision required

The nine steps

  1. 1

    Define the outcome the State is buying

    A dwelling counts only when it is completed, connected, occupied, and affordable against published median income.

    Responsible: Ministry of Construction and Housing, and the governorate

  2. 2

    Value the serviced land

    An independent valuer prices the land. Granting it at no charge is not free; it is revenue the State chooses not to collect.

    Responsible: Programme, independently validated

  3. 3

    Compete the support

    Developers bid the support they need. The lowest support that delivers the outcome wins.

    Responsible: Ministry of Planning

  4. 4

    Finance and build

    The developer funds construction. The State pays nothing until something is verified.

    Responsible: The developer

  5. 5

    Verify delivery

    An independent agent, not paid by the developer, checks each milestone against the rulebook.

    Responsible: An independent verification agent

  6. 6

    Test occupancy and affordability

    Twelve months after handover, the agent checks who lives there and what they pay.

    Responsible: An independent verification agent

  7. 7

    Support becomes eligible

    Only verified outcomes create an obligation, and only up to the lowest of eight caps.

    Responsible: Ministry of Finance

  8. 8

    Apply the approved settlement method

    Government decision required

    Cash, a deferred payable, or a transferable entitlement. Government has not chosen.

    Responsible: The registry, under Ministry of Finance

  9. 9

    Redeem, expire, or claw back

    Government decision required

    What happens if the obligation is never redeemed, or if the outcome later fails.

    Responsible: The registry, under Ministry of Finance