Auckland Council’s Finance and Performance Committee has given the green light to divesting its equity share in the Own-your-own home scheme. Chair of the council’s Finance and Performance Committee, Councillor Desley Simpson says this will not have any day-to-day effect for any of the current owner-occupiers. The scheme is a shared equity home ownership plan for older people (over 65) established in the 1970s by legacy councils and allows eligible persons to buy a residential unit from Auckland Council at an agreed percentage of its market value.