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Delivering Affordable Housing 26 September 2011 Naisha Polaine Head of Area – Kent & Essex

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

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Delivering Affordable Housing 26 September 2011 Naisha Polaine Head of Area – Kent & Essex

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  1. Delivering Affordable Housing 26 September 2011 Naisha PolaineHead of Area – Kent & Essex

  2. Topics • Changesto HCA • Our achievements • Affordable Rent 11 -15 - Summary • How’s it going to work?

  3. 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)

  4. 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?

  5. 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

  6. 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

  7. Programme Summary : East & South East 11-15 AHP • 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 • 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

  8. 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

  9. 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

  10. 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 ofinvestment • Affordable Homes Programme • Decent Homes Backlog Programme • Land and regeneration • From April 2012 the HCA will become theeconomicregulatorof social housing providers

  11. homesandcommunities.co.uk

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