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