reimagining regeneration - social housing services corporation€¦ · • 13,000 ft of affordable...
TRANSCRIPT
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Reimagining Regeneration
David Cowans Group Chief Executive
Places for People
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About Us
• One of the largest property management, development and regeneration companies in the UK. Financially robust with assets in excess of £3 billion
• Manage more than 62,000 homes across the UK
• Work with 230 local authorities and thousands of customers
• More than 2500 employees.
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Challenges
• Increasing new supply • Neighbourhood
regeneration • Sustaining tenancies • Stock condition and
carbon emission reductions
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Our Ambition
• To widen housing access • To meet future housing demand • Help customers achieve their aspirations • Create and capture value
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A range of requirements
A range of solutions
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Other Products Shared ownership Can start purchasing 25% to 50% of the house and renting the rest.
‘Try before you buy’ Rent a property for a fixed period of time, say a year. If the customer then decides to buy it, the company gives back some / all of the rent to be used as a deposit.
Major works Equity Loan PfP takes a stake in the property and provides a loan to carry out major works. Interest is charged at the rate of the Retail Price Index from the previous December and adjusted every April. Interest rolled up and compounded monthly.
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• 81 Hectare estate • 2688 homes demolished: 15 tower
blocks, 300 maisonettes and 200 houses
• Built 600 homes for sale (including shared ownership) and 300 homes for rent
• Delivered a new school • Elderly extracare scheme attracting
visitors from the whole city.
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Brooklands 365 acres
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ST THOMAS SCHOOL, LONDON
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Neighbourhoods
• Assessing our neighbourhoods
• Improving our neighbourhoods
• Importance of the external “assets”
• Impact
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Neighbourhoods
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Neighbourhood Planning Areas
Snowberry Close, Milton Keynes
North Hull East Craigs, Scotland
Astley Village - Chorley
St Pauls, Bristol
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Community Food Growing
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Financial Services
• Average of 750 loans per year • Positive impact on local
communities – reduction in reliance on doorstep lenders
• Over 2,500 first time buyers helped onto housing ladder
• Home improvement loans provided to homeowners
• Staff loans available.
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Recent funding activity • £450 million private finance raised on
an unsecured basis, including: – £175 million wholesale bond issue – £140 million retail bond issue – £76 million private placement
(denominated in Japanese Yen) (Unsecured)
– $75 million US private placements (Unsecured)
• $200 million US private placements (Secured)
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Bonds • Places for People Homes has been
working with Allia since 1999, and has supported a number of bond issues across the UK.
• To date around £35M has been invested in local communities: £10M from Bond subscriptions and a further £25M of UK and European Union matched funds.
• A variety of locations have seen jobs created, affordable homes and workspaces built, business ideas funded, creative industries nurtured, and people supported.
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Bonds • Over 4,000 people have been provided with
advice, support and training
• 1,000 people have been helped into jobs
• Over 200 people have been helped to start their own business - as a result creating further jobs
• 13,000 ft of affordable social enterprise work space has been developed
• Financial support has been provided to 5,000 people at risk of loan sharks
• New affordable homes have been built in areas such as the Manor and Norfolk Park, Sheffield.
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Management and Services
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Community Champions • Partnership initiative • Free learning
programme over 8 weeks
• Successful adoption in 11 schools during 2011/12
• 2012/13 programme delivery under negotiation in exisitng and new schools.
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• We have an in-house property maintenance, repairs and gas servicing team which operates 365 days a year
• This covers c. 90% and all of our gas servicing and property repairs needs
• In 2011 232,000 repairs were carried out
• We have a £150 million five year stock investment programme underway
Repairs and Stock Investment
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• We have been providing high-quality care and support services for over 40 years
• Working with around 200 local authorities across England and Scotland we provide homes and services to 6,752 people
• We also provide services to private individuals who buy tailored care and support packages from us to help them live independently in their own home.
Care and Support Services
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Capability Flexibility Making a difference
Capacity
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Measuring Progress
• 87.8% of customers would recommend Places for People as a landlord
• 97% of customers satisfied or very satisfied with the repairs service
(34% / 66%)
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Doing Things Differently • Innovative funding models
accessing new types of funding
• Improved profitability through efficiency, scale and diversification
• New business models to cross subsidise activities
• Flexibility over income groups and tenures.
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“The best way to predict the future is to invent it.”
Alan Curtis Kay