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Jackie Jacobs & Peter Jones Presentation
The document outlines the strategic meeting on affordable housing delivery in the South West, discussing the challenges and opportunities for increasing housing supply. It highlights ongoing partnerships, funding availability, and the government's commitment to affordable housing amidst regional economic disparities. Key priorities include accelerating housing delivery and maximizing affordable housing opportunities through various initiatives and flexibility in funding and allocations.
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Jackie Jacobs & Peter Jones Presentation
- 1. SOUTH WEST AFFORDABLEHOUSING DELIVERY MEETING JACKIE JACOB GENERAL MANAGER, HOUSING PROGRAMMES PETER JONES HEAD OF AFFORDABLE HOUSING & DELIVERY 2 FEBRUARY 2018 #WeAreHomesEngland
- 2. What are wedoing here? • 29 March 2018 • 40 working days (including today) to year end • Delivery has been relatively slow on starts this year • Hockey stick is a stronger feature than ever this year • Nationally a lot to secure between now and year end
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- 4. HOMES ENGLAND: TOOLSINCLUDE #WeAreHomesEngland our
- 5. ROLE OF HOUSINGASSOCIATIONS AND DELIVERY PARTNERS • 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 #WeAreHomesEngland • Strong partnerships in place with housing associations and local authorities working to deliver affordable housing in context of local needs and markets • With recent announcement £2bn total of over £9bn grant funding available • Recent Announcements – certainty on rents post 2020 / LHA caps / Supported Housing
- 6. HOMES ENGLAND :OUR INITIAL PRIORITIES • Continue delivery of our existing programmes • Accelerate housing delivery over the next few years • Build a new organisation capable of responding to the long-term housing challenges facing this country #WeAreHomesEngland
- 7. SOUTH WEST CHALLENGEOF 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 14.58.3 10.3 11.3 9.8 7.7 12.0 #WeAreHomesEngland
- 8. LAND ACQUISITION TRANCHE •Available on eligible schemes • Acquisition & Works • Package Deal (incl. Land) • Purchase & Repair • Deed of Variation required • Applies to any land in your ownership – don’t have to buy since the announcement • Ownership must be unconditional • Must have paid out at least as much as being claimed, but doesn’t have to be on acquisition specifically. Other eligible development costs qualify #WeAreHomesEngland
- 9. AFFORDABLE HOUSING INTHE SOUTH WEST • England 2016-21 Affordable Housing Programme c.£9 billion • South West – of initial £4.7bn grant, £85m allocated to deliver more than 5,500 homes • Since added a further 2,720 homes with £25.2m grant funding attached through Continuous Market Engagement • Seeking to maximise affordable housing delivery in region by building a healthy pipeline of opportunities #WeAreHomesEngland
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- 11. SOAHP Performance toDate #WeAreHomesEngland Budget/Target Year to Date Percentage DCLG Spend £85,000,000 £33,859,161 39% DOH Spend £14,616,840 £5,769,045 40% Starts 5,780 2988 52% Completions 4,000 3470 87%
- 12. EXPENDITURE TOP 5TO 31ST MARCH 2018 TOTAL LEFT TO SPEND £31M #WeAreHomesEngland Swaythling Sovereign DCH Knightstone Sanctuary
- 13. EXPENDITURE NEXT 10TO 31ST MARCH 2018 TOTAL LEFT TO SPEND £15.3M Home Group Coastline Catalyst Stonewater Almshouse Consortium Housing & Care 21 Abbeyfield Society Hyde Greensquare A2 Dominion
- 14. ANNUAL EXPENDITURE PROFILE(£M) SOUTH WEST #WeAreHomesEngland 0 20 40 60 80 100 120 SoY Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
- 15. CLOSING THE GAPTHIS YEAR • Switch existing allocations to Rent • Flexibility on RCGF usage • Flexibility on grant rates to unlock difficult sites • Bring forward starts and completions from next year • Phase completions • Firm up indicative allocations • Land acquisition tranche
- 16. • Excellent levelsof CME: c. £10.6m approved in period October to end of January resulting in addition starts of 1365 • Need for further programme building to meet targets in 17/18 and beyond • Speak to us about your schemes - let’s talk about viability and deliverability CONTINUOUS MARKET ENGAGEMENT (CME) PERFORMANCE • We meet weekly to assess bids. National Moderation also occurs weekly – quick turn around – quick decision making
- 17. CONTINUOUS MARKET ENGAGEMENT(CME) #WeAreHomesEngland Open for business for all products - affordable rent, shared ownership and rent to buy NOW UNTIL 28TH MARCH – please submit everything – spend and start on site. MEDIUM TERM – talk to us about your pipeline and ways in which we can support your delivery. Please put any bids into IMS. FUTURE – talk to us about your organisation’s development programme for 2019 – 2020 and beyond. What are your aspirations? What can we deliver? Think about off-the-shelf purchases, empty homes, additional units on sites with S106 requirement and acquisitions
- 18. Conclusion • Affordable housinghigh on Government agenda • South West huge potential for growth in affordable housing • Ready to work together to bring forward affordable housing • Delivery in remaining 2 months 17/18 is the first test • Work with the team • What more can you do? #WeAreHomesEngland
Editor's Notes
- #8 Parts of the South West has some of the highest and most challenging ratios of earnings to house prices outside London More than 4 in ten live in rural areas Diverse region with varying degrees of opportunity
- #9 You should all be aware of this , but doesn’t hurt to give a reminder of a recent announcement and addition to our programme flexibility. Many of you have already signed up to access this, but just in case, here are the details and if you should still want to participate speak to us…
- #10 These headline areas of focus merely demonstrate the opportunities and appetite for delivering affordable homes for the South West
- #11 Kevin has already spoken about the opportunities that Homes England will provide. Ian Knight will also be giving you an update on our ability to use land both now and in the future as Homes England develops. In terms of new opportunities for accelerating the development of new homes, we want to work with partners and part of that is our ability to acquire, hold and develop land.
- #12 These figures are up to date and show our ( that is Homes England and you our partner’s ) performance and what is left to do in a relatively short space of time – less than 10 weeks.
- #13 Top 15 accounts for 2/3rd of spend – very reliant on top 15. These 5 HA s with some significant partnerships are key to our delivery, and we are happy to work with them as they provide a solid foundation for affordable homes delivery in the south west. They are “safe” hands for us at the moment and worth noting that Knightstone and DCH are set to merge next month – please don’t take your eyes off the ball !
- #14 This next group which makes up our top 15 and where we are keen for you to expand your business and grow into the next top 5. It has already been pointed out that to deliver at the pace and acceleration that Government is asking will require us all to do things differently – in the current jargon to become the “disrupters”. Now we want to work with all of our partners to explore how we do more . How we work together in collaboration and what you need from us to produce those new homes.
- #15 Talk about the white paper – October - grant announcement and grant levels. This slide gives a graphic on how the programme has developed over the past year. The reason for the dotted line in October is where Govt. announced the future for LHA caps on supported housing, the policy on rent regime and the NAO’s verdict on HA s sitting outside the PSBR regime. It shows the infamous hockey stick where by forecasts on IMS show that the majority of expenditure will happen in the final quarter. Fine as long as it happens, but we know that slippage and scheme failure which is why we expect our key partners to be able to mitigate slippage with substitute schemes or the ability to bring forward spend and delivery from the first quarter of the new financilal year.
- #16 We have been speaking to all of our partners about the flexibilities which are in place up to year end to help maximise the spend in the programme. Many of you have been able to support switches and changes and I don’t underestimate the amount of work this has involved for your own staff. We are grateful for the contribution, but would ask that you keep these issues in front of you and review if you can still utilise any of these areas for expenditure.
- #17 The use of continuous market engagement has been a very successful element in programme building ever since it was introduced. This has been vital to our continued success and remains the main area where we can influence the size of the programme and therefore expenditure levels. The process is now well embedded and enables a rapid response from bid submission to final answer.
- #18 Our plea is that you continue to work with us to put schemes forward. Obviously year end is the critical and maintaining contact with your contract managers is crucial over new schemes. But we also want a dialogue with you about next year and the years after that…
- #19 Wrap up Significant new opportunities as Homes England Opportunity at panel questions to discuss further