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