increasing access to shared accommodation oasis aquila bond scheme gateshead mark reynolds project...
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Increasing access to shared accommodation
Oasis Aquila Bond SchemeGateshead
Mark Reynolds
Project Team Leader
Oasis Aquila Bond SchemeProject Outline
Founded in 2011 with Crisis funding and support Have housed over 80 households in PRS accommodation
on Tyneside 95% exceed 6 months, 86% exceed 12 months Recognised in 2013 as Crisis Private Renting Champion for
Sustainable tenancies Began Sharing Solutions in December 2013 Procuring property via use of Empty Homes Grant funding
Oasis Aquila Bond SchemeProject Outline
Sharing Solutions project using properties acquired under EHG for training flats.
Working in partnership with Crisis Skylight in Newcastle to deliver Renting Ready training.
Properties across Gateshead, mainly 2-bed flats. Also working with third party PRS landlords. Now looking at ‘lead tenant’ model within own flats.
Empty Homes Grant - Criteria
Government funding channelled through Homes and Communities Agency (HCA)
70% funding for Registered Providers and LA’s30% third-sector agencies including Oasis Aquila Housing
To purchase properties empty >6 months Refurbish and bring back into use at affordable
rents Residential or business properties – two rounds of
EHG Lease and repair or Purchase and repair
Empty Homes Grant - Delivery
Small initial bid £72k Round 1 – 2 x 2-beds£276k Round 2 –
6 x 2-beds Development loan of £300k, Unity Trust Bank Properties cost £35 - £50k per unit. £15k - £20k refurbishment costs per unit 2nd national provider to deliver on grant Begin property portfolio – lead to further funding
opportunities
Carr Hill, Gateshead
Before After
Carr Hill, GatesheadBefore After
Carr Hill, GatesheadBefore After
Harlow Green, GatesheadBefore After
More information Homes and Communities Agencyhttps://
www.homesandcommunities.co.uk/ourwork/empty-homes
Department for Communities and Local Government https://www.gov.uk/government/policies/increasing-the-number-of-available-homes/supporting-pages/empty-homes
Empty Homes – charity, advice and supporthttp://www.emptyhomes.com/
Questions
Contact: Mark Reynolds, [email protected]