Transcript Slide 1
Thriving communities, affordable homes Affordable Homes Programme 2011-15 Thriving communities, affordable homes Framework Framework is published at www.homesandcommunties.co.uk/affordablehomes - read it! The document contains all the information that providers will need to assemble and submit an offer for the 4 year programme Providers are invited to bring forward offers by 3rd May 2011 Thriving communities, affordable homes Objectives Funding of £4.5bn (£2.3bn existing commitments) – – – – Deliver up to 150,000 new affordable homes Meet housing need at a local level Provide a more flexible offer for social housing tenants; Ensure that public funds (and funds generated from conversions) are properly and effectively spent and; – Maximise the delivery of new affordable housing supply. Thriving communities, affordable homes New delivery model Flexibility to generate additional financial capacity to support new supply. Offers to cover a four year period Close collaborative working key – providers – Local authorities – HCA New supply proposals need to meet local needs and help deliver local priorities Thriving communities, affordable homes The role of Local Authorities Articulate a clear vision and ambition for their area. Used to shape delivery of affordable homes Need continuous and meaningful ongoing dialogue with providers Nominations to new homes Thriving communities, affordable homes Affordable Rent The main element of the programme Affordable Rents set at up to 80% gross market rents, service charge inclusive, up-rated by RPI + 0.5% for duration of tenancy. Minimum 2 year fixed term, flexibility to offer longer tenancies Allocations and nominations based on current arrangement with flexibility to reach local agreements. Thriving communities, affordable homes Conversions Crucial element to generate sufficient capacity Consider mobility and risk to provider No ring fencing of capacity but encourage providers to aim to invest in same wide housing market area Primarily to Affordable Rent but flexibility to convert to shared ownership where appropriate Thriving communities, affordable homes Other options to meet local needs Affordable home ownership where this is a local priority and offers value for money. Funding for social rented housing may be considered in limited circumstances. Other programme elements : – Mortgage Rescue – Homelessness Change Programme (nee Places for Change) – Traveller Pitch Funding – Empty homes Thriving communities, affordable homes Programme requirements Open to any provider to submit offers – consortia working is strongly encouraged Deadline 3 May 2011. Value for money important for all providers. Likely to mean that a provider will need to have existing stock which can be converted; or access to other resources to minimise the call on HCA funding. Thriving communities, affordable homes The importance of partnerships Linking up with smaller and communitybased organisations Utilising HCA partners Unlocking capacity Utilising potential of conversions Thriving communities, affordable homes Negotiation To ensure a supply of affordable homes that: – meet local needs and priorities in their proposed locations; – Offer good value for money; – Have a realistic prospect of delivery within the programme timeframe and; – Confirms Registered Providers should continue to meet the TSA’s Standards. Thriving communities, affordable homes Contract and programme management principles All providers will enter into a standard form framework contract. Flexible contract / performance management recognising that offers covering a 4 year period will be subject to change. Payment by the HCA will be on completion of affordable homes. Thriving communities, affordable homes Timetable Publication of the framework inviting offers for the 2011-15 Affordable Homes programme 14 February 2011 Providers developing offers Feb to April 2011 Deadline for submission of offers 3 May 2011 Assessment/negotiation of offers May and June 2011 National aggregation and analysis of programme 20 June – 4 July 2011 HCA London Board (London part of proposed programme) and Ministerial and national HCA Board sign off of aggregate programme (subject to provider contracts) W/C 4 July 2011 Initial contracts signed July 2011 Thriving communities, affordable homes Additional information Offers must be submitted using the standard offer template and be returned to [email protected] FAQs can be submitted to [email protected] Any other questions speak to your HCA lead negotiators Thriving communities, affordable homes homesandcommunities.co.uk Thriving communities, affordable homes