Transcript Slide 1
Delivering Affordable Housing 26 September 2011 Naisha Polaine Head of Area – Kent & Essex Topics Changes to HCA Our achievements Affordable Rent 11 -15 - Summary How’s it going to work? Thriving communities, affordable homes Reshaping HCA for our new role Smaller, leaner and more focused on where we can add value 6 local area teams – Midlands – North East, Yorkshire and The Humber – North West – East and South East – South West – London (until April 2012) Thriving communities, affordable homes Didn’t we Do Well - 10/11 £106m 2052 completions 1177 social rent 762 low cost home ownership 435 larger family homes 118 rural homes (< 3000) c. 6500 people provided homes c. 4000 jobs 6 hectares brown field land reclaimed 3100 m2 employment floor space Private sector investment? Thriving communities, affordable homes Our investment role: Affordable Homes Programme 2011-15 Maximising the delivery of new affordable housing supply in constrained fiscal position Funding of £4.5bn (£2.3bn existing commitments) to deliver up to 150,000 new affordable homes Meeting locally identified needs A more flexible offer for social housing providers and tenants Thriving communities, affordable homes Our investment role: New delivery model for affordable rent Affordable rents up to 80% of local market rents Providers have the flexibility to convert properties on re-let to generate additional financial capacity Close collaborative working between HCA, providers and councils Offers to cover a four-year period. Offers submitted – 3 May 2011 Allocations announced Contracts being signed Thriving communities, affordable homes Programme Summary : East & South East 11-15 AHP • 50 providers in the affordable homes programme – 21 offers rejected • £229.9m funding across the four year period • 14,432 homes – 10,874 rent, 3,558 AHO • £15.9k per home – £18.5k per home for rent – £8.0k per home for AHO Thriving communities, affordable homes 27% Larger homes 8.5% supported housing homes 10.1% rural homes 75% AR 25% AHO 80% rent to market rent on vast majority of new supply and conversions How Will it Work? Contracts fixed with firm schemes & indicative programme for minimum geography area Flexible Contract Management approach by HCA Quarterly Meetings with RP’s & Lead Contact from HCA Schemes discussed in advance with RP’s & LA’s Liase with Local Authorities to monitor progress against priorities Broker delivery linking up providers with indicative capacity with LA’s Thriving communities, affordable homes How Will it Work? Short Form Contracts available for RP’s who are not in receipt of funding from 2011-15 Programme After entering into the SFA then provider can: – Charge affordable rent – Use RCGF and/or DPF (not on S106 sites) – Apply on a scheme-by-scheme basis – Cannot convert existing social rent to Affordable rent Thriving communities, affordable homes There’s so much else to talk about .... The HCA role - enabling, investment & regulation Working with people and places to enable them to deliver homes, economic growth and jobs Delivering programmes of investment – Affordable Homes Programme – Decent Homes Backlog Programme – Land and regeneration From April 2012 the HCA will become the economic regulator of social housing providers Thriving communities, affordable homes homesandcommunities.co.uk Thriving communities, affordable homes