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
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Objectives
Funding of £4.5bn (£2.3bn existing commitments)
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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.
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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
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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
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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.
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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
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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
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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.
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The importance of
partnerships
Linking up with smaller and communitybased organisations
Utilising HCA partners
Unlocking capacity
Utilising potential of
conversions
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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.
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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.
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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
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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
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homesandcommunities.co.uk
Thriving communities, affordable homes