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Barking & Dagenham housing development & affordable housing delivery vehicles

Barking & Dagenham housing development & affordable housing delivery vehicles. Ken Jones Head of Housing Strategy & Property Services. new housing supply in B&D. major housing development sites. meeting different household needs & aspirations.

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Barking & Dagenham housing development & affordable housing delivery vehicles

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  1. Barking & Dagenham housing development & affordable housing delivery vehicles Ken Jones Head of Housing Strategy & Property Services

  2. new housing supply in B&D

  3. major housing development sites

  4. meeting different household needs & aspirations • larger family homes will help meet foster carers need • affordable homes 50% of the total new housing • shared ownership must be affordable for local people – importance in promoting independence and raising aspirations.

  5. affordable housing delivery: Local Housing Trusts • Housing Green Paper – B&D pilot • potentially owning 8,000 new affordable homes • developed under 2 LHTs

  6. delivery of new affordable homes: Local Housing Trusts Trust, comprising the Council, investment partner & English Partnerships What is it and what does it do delivers, owns and manages new affordable homes locally accountable – not an RSL, based in the community and maximises new affordable homes. Why uses Council’s land holdings, attracts investment funding. secures Housing Corporation grant and recycles receipts into new homes How

  7. model

  8. Barking Riverside Local Housing Trust • private / public partnership • 4,000 new affordable homes Barking Riverside • 250 -300 within the redevelopment of eastern end of Thames View Estate

  9. Barking & Dagenham Local Housing Trust • Council led public / private partnership • Barking Town Centre estates renewal • potentially other Council land • potentially refurbishment to tower blocks

  10. why Local Housing Trusts work for Barking & Dagenham • potential for land value uplift • Council ownership of land holdings • collaboration with English Partnerships

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