delivering affordable housing 26 september 2011 naisha polaine head of area – kent & essex
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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?. Reshaping HCA for our new role. Smaller, leaner and more focused on where we can add value - PowerPoint PPT PresentationTRANSCRIPT
Delivering Affordable Housing26 September 2011
Naisha PolaineHead of Area – Kent & Essex
Thriving communities, affordable homes
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
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
• 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
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
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