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Assets & Opportunities

Explore housing options for social tenants in London, including RentPlus, Shared Ownership, Social HomeBuy, and Affordable City Living. Learn about tenant aspirations and the situation at Notting Hill Housing. Discover opportunities for affordable homes and building a better future.

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Assets & Opportunities

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  1. Assets & Opportunities Kate Davies Chief Executive Notting Hill Housing 5 July 2007

  2. What do social tenants want? MORI survey March 2007

  3. Situation at Notting Hill Billy – 10% Gertrude – 40% Sharon – 35% Giles – 15%

  4. Tenants’ aspirations

  5. London Property Prices • Average London home costs £316,000 • 500,000 can’t buy, can’t rent • (JRF study October 2005)

  6. Housing supply • 62,000 homeless • 8,000 HC funded • 11,000 sold • 40,000 new London households formed annually • 20,000 homes built a year

  7. HomeOptions • Desire to move and improve • Money advice • Life planning • Explain options

  8. RentPlus • Disposable income - save or consume? • Behave like an owner - save and maintain • Accumulate lump sum • plus interest • Bonus for keepinghome in good condition

  9. 10 per cent Shares • Shared ownership is no longer Low Cost • £200,000 flat • 50% share - £29,000 p.a. • 25% share - £24,000 p.a. • 10% share - £20,000 p.a.

  10. Social HomeBuy • Article in tenant's magazine generated 1800 enquiries • 350 desk top valuations • Reinvest in new homes • Affordable on £20,000 salary • 16 homes sold – more than any other RSL

  11. Affordable City Living • Stylish, well designed city apartments • Great value - £150,000 • First-time buyers, younger people and down-sizers

  12. Kerrington Court • 24 one and two beds in Shepherds Bush • Rolling ASTs • Social rents • Additional contract of rights and responsibilities • Rents, repairs, behaviour, finances • Family, volunteering, work, training

  13. Deregulation • Tenure reform • Rent reform • Landlords offer a range of products at different price points

  14. Love Where You Live • Treat customers as individuals • Learn from supported housing • Be open and flexible (not ideological) • Social mobility not social exclusion

  15. Your questions

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