Bdb pat ritchie presentation


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  • Michael Coogan, CML director general said (12/11/2011): "Over the coming months seasonal factors are likely to push up lending for house purchase. There is no evidence of any drastic changes on the horizon or any significant shifts in direction for the mortgage market. These stable conditions are expected to continue for the rest of the year.
  • Bdb pat ritchie presentation

    1. 1. HCA Role and Delivery Bircham Dyson Bell Pat Ritchie 30 November 2011
    2. 2. Contents <ul><li>HCA: role and remit </li></ul><ul><li>Market conditions </li></ul><ul><li>Economic development, LEPS and the housing strategy </li></ul><ul><li>Discussion </li></ul>
    3. 3. The HCA role <ul><li>We are the people who help get things done… </li></ul><ul><li>Working with people and places to enable them to deliver homes, economic growth and jobs </li></ul><ul><li>Delivering programmes of investment </li></ul><ul><li>Making best use of our land and that of government/ other public bodies </li></ul><ul><li>From April 2012 the HCA will become the regulator of social housing providers </li></ul>HCA Purpose: to contribute to economic growth by helping communities to realise their aspirations for prosperity and to deliver quality housing that people can afford
    4. 4. London <ul><li>Devolution of investment function to GLA </li></ul><ul><li>Investment programmes and team will pass to GLA April 2012 </li></ul><ul><li>New powers to Mayor to create Mayoral Development Corporations </li></ul><ul><li>Local councils control local planning decisions </li></ul><ul><li>Regulator will have power to direct the GLA not to give financial assistance to registered providers </li></ul>Barking Riverside
    5. 5. Lending to first-time buyers Source: CML, Q3 2011 Current position: 13% up on last Q; 3% down on same Q last year; 45% down on Q3 07
    6. 6. House building Current position: Starts down 1% on last Q, and down 10% on same Q last year. Starts are 35% below long-term average Completions down 4% on last Q, and down 3% on same Q last year Source: DCLG, Q3 2011
    7. 7. Land and regeneration <ul><li>HCA land development and disposal strategy will deliver 3,000 new homes by 2015 </li></ul><ul><li>Pioneering “Build Now, Pay Later” approach of deferred payment </li></ul><ul><li>Making best use of HCA and other public land </li></ul><ul><li>Economic Assets Programme working with LAs to secure local economic development </li></ul>
    8. 8. Economic Assets Programme <ul><li>What it means: </li></ul><ul><li>£300m assets transferred, 19 Sept </li></ul><ul><li>Over 300 assets </li></ul><ul><li>91 former RDA staff transferred </li></ul><ul><li>Established within the HCA as a ring fenced programme </li></ul><ul><li>Assets managed by local teams to ensure we support local priorities </li></ul><ul><li>Builds on HCA expertise in land and property </li></ul>
    9. 9. Economic Assets Programme <ul><li>The stewardship model </li></ul><ul><li>HCA own the assets under local stewardship arrangements </li></ul><ul><li>The model offers: </li></ul><ul><ul><li>LA/partner influence over use </li></ul></ul><ul><ul><li>Removes LA tax/borrowing issues </li></ul></ul><ul><ul><li>Local partners can align with gov’ economic growth programmes </li></ul></ul><ul><ul><li>Avoids sales at low levels </li></ul></ul><ul><ul><li>Offers a single point of contact for gov/partners </li></ul></ul><ul><ul><li>Localist by aligning these assets with LA interests </li></ul></ul>“ We play a key role in Governments ambition to make the best use of public land to benefit communities”
    10. 10. Key housing and regeneration points for LEPs to consider? <ul><li>Is housing a barrier to achieving more local growth? </li></ul><ul><ul><li>is supply lagging behind growth or potential growth? </li></ul></ul><ul><ul><li>is your local housing offer not adequate to attract skilled people? </li></ul></ul><ul><li>Is the physical environment in your place right for business growth? </li></ul><ul><ul><li>are there local assets that could be made to work better for your area? </li></ul></ul><ul><ul><li>or, are there liabilities that are holding your place back? </li></ul></ul><ul><li>Are there cross-boundary strategic planning or infrastructure issues that are affecting your places growth potential? </li></ul>
    11. 11. <ul><li>‘ INCREASING SUPPLY’ </li></ul><ul><li>Mortgage indemnity </li></ul><ul><li>Growing Places Fund </li></ul><ul><li>Get Britain Building (Stalled sites) </li></ul><ul><li>Public Land </li></ul><ul><li>Land auctions </li></ul><ul><li>Locally planned large-scale development </li></ul><ul><li>Custom Build (Self-build) </li></ul><ul><li>Community-led </li></ul><ul><li>NPPF </li></ul>Housing Strategy: Laying the Foundations <ul><li>Reinvigorated Right to Buy </li></ul><ul><li>Stock transfer </li></ul><ul><li>Private Rented Sector </li></ul><ul><li>Empty Homes </li></ul>‘ SOCIAL AND AFFORDABLE HOUSING REFORM’ OTHER
    12. 12. Discussion <ul><li>Views of current market conditions </li></ul><ul><li>Housing as key infrastructure for economic growth </li></ul><ul><li>Private sector appetite to invest in infrastructure and housing </li></ul><ul><li>Implementing the Housing Strategy to deliver local ambitions </li></ul>