SlideShare a Scribd company logo
THE TARGET
Land Filter
1st
• Council Housing
• Housing Company
2nd
• Registered Provider (Homes West)
• Community led organisation
3rd
• SME builders
• Developers
Delivering the Renaissance in council-built homes:
the rise of local housing companies (Oct 2017)
Main Findings
Currently 150 LHCs – likely to be set up in half of
councils
Triple Dividend for Councils
• Additional Housing
• Greater control over development and ‘place-making’
• Financial return
Housing Revenue Account
• Many councils have transferred housing so don’t have one
• Most HRAs are at or close to their borrowing limits
• Council house rents too low to generate substantial profits to invest in new build
• Can only manage social rented housing and affordable rent
• Inflexible use of Right to Buy receipts
• Right to buy
General Fund
• Most General Funds have access to low cost borrowing
• Can manage a wide range of housing, social rent, affordable rent, intermediate rent, market
rent, student housing, shared ownership
• Can enter into Joint Venture agreements
• Access to council land
• No right to buy (yet)
Structures
• Wholly owned council companies which can form joint ventures
• Joint venture companies
• Two housing companies – development and ownership
Bristol Drivers
• Accelerating housing delivery
• Affordable housing delivery
• Avoiding land speculation and banking
• Council realising developer profit
• Focus on balanced communities
Bristol Housing Company
• Two company model
• Site specific Joint Ventures (LLPs)
• Initial sites being considered total 700 – 800 homes
• Planning policy compliance - OJEU
One size fits all?
• Company just one approach
• Continue with HRA delivery
• Continue with land and money to support housing associations
• Continue with support for community led housing
• Continue to press for affordable housing on private sites
0
500
1000
1500
2000
2500
3000
3500
4000
2015/6 2016/7 2017/8 2018/9 2019/20
Market Affordable Student
N.B. These are projections based on our best information, schemes may slip or be shelved, new projects may become available
Apse oxford may 2018

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Apse oxford may 2018

  • 1.
  • 3.
  • 4.
  • 5.
  • 6. Land Filter 1st • Council Housing • Housing Company 2nd • Registered Provider (Homes West) • Community led organisation 3rd • SME builders • Developers
  • 7.
  • 8. Delivering the Renaissance in council-built homes: the rise of local housing companies (Oct 2017) Main Findings Currently 150 LHCs – likely to be set up in half of councils Triple Dividend for Councils • Additional Housing • Greater control over development and ‘place-making’ • Financial return
  • 9. Housing Revenue Account • Many councils have transferred housing so don’t have one • Most HRAs are at or close to their borrowing limits • Council house rents too low to generate substantial profits to invest in new build • Can only manage social rented housing and affordable rent • Inflexible use of Right to Buy receipts • Right to buy
  • 10. General Fund • Most General Funds have access to low cost borrowing • Can manage a wide range of housing, social rent, affordable rent, intermediate rent, market rent, student housing, shared ownership • Can enter into Joint Venture agreements • Access to council land • No right to buy (yet)
  • 11. Structures • Wholly owned council companies which can form joint ventures • Joint venture companies • Two housing companies – development and ownership
  • 12. Bristol Drivers • Accelerating housing delivery • Affordable housing delivery • Avoiding land speculation and banking • Council realising developer profit • Focus on balanced communities
  • 13. Bristol Housing Company • Two company model • Site specific Joint Ventures (LLPs) • Initial sites being considered total 700 – 800 homes • Planning policy compliance - OJEU
  • 14. One size fits all? • Company just one approach • Continue with HRA delivery • Continue with land and money to support housing associations • Continue with support for community led housing • Continue to press for affordable housing on private sites
  • 15. 0 500 1000 1500 2000 2500 3000 3500 4000 2015/6 2016/7 2017/8 2018/9 2019/20 Market Affordable Student N.B. These are projections based on our best information, schemes may slip or be shelved, new projects may become available