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SOUTH WEST PARTNERSHIP EVENT
JACKIE JACOBGENERAL MANAGER, HOUSING
PROGRAMMES
4 DECEMBER 2017
#shapingHomesEngland
The Government’s Ambition
New Charter Homes, Ashton-under-Lyne, AHP funded
• A country that works for everyone
• More of the right homes in the right places
• Housing that suits everybody’s needs
• Improved growth and productivity
#shapingHomesEngland
GETTING TO 250,000 HOMES A YEAR BY 2020
2017 2018 2019 2020
250,000
190,000
Using our levers to drive a sector that is more innovative and benefits from improved quality, uses modern construction methods and encourages new suppliers.
#shapingHomesEngland
SECRETARY OF STATE SPEECH ON HOUSING MARKET, BRISTOL, NOVEMBER 2017
“…building more of the right homes in the right places at the right prices”
“Without affordable, secure, safe housing we risk creating a rootless generation…”
• Strong focus on affordable housing• Highlighting scale of affordability challenge, esp. for 1st time buyers• Housing Associations role• Partnership working
#shapingHomesEngland
AFFORDABILITY CHALLENGE GETTING ON THE HOUSING LADDER
• England – av. house price 8x av. Income
• Av. age 1st time buyer now 32
• People in early 30s half as likely to own home as their parents
• 1/3 all men in their 30s still living with parents
• Previously taken an average couple 3 years to save for a deposit, now… a quarter of a century. Assuming, of course, they can afford to save at all.
#shapingHomesEngland
SOUTH WEST CHALLENGE OF AFFORDABILITY
Average GVA per head: South West: £22,324 South East: £27,012 England: £25,367 Berkshire: £38,961 Bristol: £30,007 Swindon: £30,357 Cornwall & IoS: £17,278 Torbay: £15,554
14.1
9.7
13.3
14.58.310.3
11.3
9.8
7.712.0
#shapingHomesEngland
HCA’S CURRENT TOOLS INCLUDE
#shapingHomesEngland
ROLE OF HOUSING ASSOCIATIONS
• On course to deliver 65,000 new homes a year by next year
• Assets worth about £140 billion
• Reclassifying housing associations, taking them out of the public sector – more flexibility
#shapeHomesEngland#shapeHomesEngland
AUTUMN BUDGET
#shapingHomesEngland
Affordable Housing Programmes Central team based in 2MS
Deliver Government policy objectives
on Affordable Housing and Home
Ownership through programmes of
grant funding
Work nationally, with and through
dedicated local area teams
Partners access systems securely
#shapingHomesEngland
SOAHP 16-21:Grant Funding
Focus on homeownership &
affordable housing supply:
Shared ownership
Rent to buy
Affordable & now Social rent
Specialist housing
– also run bespoke programmes,
e.g. Care and Support
Specialised Housing Fund
(CASSH) on behalf of Department
of Health
#shapingHomesEngland
Affordable Housing Programme – 2016-21
• Strong partnerships in place with Housing
Associations Providers and Local
Authorities working to deliver affordable
housing in context of local needs and
markets
• Tried and tested large scale grant funded
programme – attracting new entrants
• Flexibility to delivery a range of affordable
housing products
• With recent announcement £2bn total of
over £9bn grant funding available
• Recent Announcements – certainty on
rents post 2020 / LHA caps / Supported
Housing
#shapingHomesEngland
AFFORDABLE HOUSING IN THE SOUTH WEST
• England 2016-21 Affordable Housing Programme c.£9 billion
• South West – of initial £4.7bn grant, over £89m allocated to deliver more than 5,500 homes
• Since added a further 1,730 homes with almost £20m grant fundingattached through Continuous Market Engagement
• Seeking to maximise affordable housing delivery in region by building a healthy pipeline of opportunities
#shapingHomesEngland
SOAHP Performance to Date
#shapingHomesEngland
ARE YOU READY TO FACE THE CHALLENGE?
#shapingHomesEngland
Conclusion
• Affordable housing high on Government agenda
• South West huge potential for growth in affordable housing
• Ready to work together to bring forward affordable housing
• Delivery in remaining 4 months 17/18 is the first test
• Work with the team.
• What more can you do?
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