SOUTH WEST PARTNERSHIP EVENT

JACKIE JACOBGENERAL MANAGER, HOUSING

PROGRAMMES

4 DECEMBER 2017

#shapingHomesEngland

The Government’s Ambition

New Charter Homes, Ashton-under-Lyne, AHP funded

• A country that works for everyone

• More of the right homes in the right places

• Housing that suits everybody’s needs

• Improved growth and productivity

#shapingHomesEngland

GETTING TO 250,000 HOMES A YEAR BY 2020

2017 2018 2019 2020

250,000

190,000

Using our levers to drive a sector that is more innovative and benefits from improved quality, uses modern construction methods and encourages new suppliers.

#shapingHomesEngland

SECRETARY OF STATE SPEECH ON HOUSING MARKET, BRISTOL, NOVEMBER 2017

“…building more of the right homes in the right places at the right prices”

“Without affordable, secure, safe housing we risk creating a rootless generation…”

• Strong focus on affordable housing• Highlighting scale of affordability challenge, esp. for 1st time buyers• Housing Associations role• Partnership working

#shapingHomesEngland

AFFORDABILITY CHALLENGE GETTING ON THE HOUSING LADDER

• England – av. house price 8x av. Income

• Av. age 1st time buyer now 32

• People in early 30s half as likely to own home as their parents

• 1/3 all men in their 30s still living with parents

• Previously taken an average couple 3 years to save for a deposit, now… a quarter of a century. Assuming, of course, they can afford to save at all.

#shapingHomesEngland

SOUTH WEST CHALLENGE OF AFFORDABILITY

Average GVA per head: South West: £22,324 South East: £27,012 England: £25,367 Berkshire: £38,961 Bristol: £30,007 Swindon: £30,357 Cornwall & IoS: £17,278 Torbay: £15,554

14.1

9.7

13.3

14.58.310.3

11.3

9.8

7.712.0

#shapingHomesEngland

HCA’S CURRENT TOOLS INCLUDE

#shapingHomesEngland

ROLE OF HOUSING ASSOCIATIONS

• On course to deliver 65,000 new homes a year by next year

• Assets worth about £140 billion

• Reclassifying housing associations, taking them out of the public sector – more flexibility

#shapeHomesEngland#shapeHomesEngland

AUTUMN BUDGET

#shapingHomesEngland

Affordable Housing Programmes Central team based in 2MS

Deliver Government policy objectives

on Affordable Housing and Home

Ownership through programmes of

grant funding

Work nationally, with and through

dedicated local area teams

Partners access systems securely

#shapingHomesEngland

SOAHP 16-21:Grant Funding

Focus on homeownership &

affordable housing supply:

Shared ownership

Rent to buy

Affordable & now Social rent

Specialist housing

– also run bespoke programmes,

e.g. Care and Support

Specialised Housing Fund

(CASSH) on behalf of Department

of Health

#shapingHomesEngland

Affordable Housing Programme – 2016-21

• Strong partnerships in place with Housing

Associations Providers and Local

Authorities working to deliver affordable

housing in context of local needs and

markets

• Tried and tested large scale grant funded

programme – attracting new entrants

• Flexibility to delivery a range of affordable

housing products

• With recent announcement £2bn total of

over £9bn grant funding available

• Recent Announcements – certainty on

rents post 2020 / LHA caps / Supported

Housing

#shapingHomesEngland

AFFORDABLE HOUSING IN THE SOUTH WEST

• England 2016-21 Affordable Housing Programme c.£9 billion

• South West – of initial £4.7bn grant, over £89m allocated to deliver more than 5,500 homes

• Since added a further 1,730 homes with almost £20m grant fundingattached through Continuous Market Engagement

• Seeking to maximise affordable housing delivery in region by building a healthy pipeline of opportunities

#shapingHomesEngland

SOAHP Performance to Date

#shapingHomesEngland

ARE YOU READY TO FACE THE CHALLENGE?

#shapingHomesEngland

Conclusion

• Affordable housing high on Government agenda

• South West huge potential for growth in affordable housing

• Ready to work together to bring forward affordable housing

• Delivery in remaining 4 months 17/18 is the first test

• Work with the team.

• What more can you do?