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Inside Government 9 dec 2014

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Homes and Communities Agency (HCA)
Homes and Communities Agency (HCA)

HCA Executive Director of Programmes Fiona MacGregor's presentation at the Inside Government hosted Future Housing 2014 event.

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Successful places with homes and jobs A NATIONAL AGENCY WORKING LOCALLY Funding an Increased Supply of High Quality, Affordable Homes Inside Government 9 December 2014 Fiona MacGregor, Director of Programmes - HCA
Contents Current Programme and delivery to date 2015-18 Programme – Ensuring a smooth transition –Initial bid round outcome and recap –Continuous Market Engagement •Meeting local priorities •Quality - Housing Technical Standards Review •Advanced Housing Manufacture – speeding up delivery Summary
Delivering the Affordable Homes Programme 2011-15 £4.8bn - 170,000 affordable homes Significant change in funding model HCA delivery target for current year 29,000 affordable housing completions (plus 1,600 from Guarantees and EH2 programmes) National Statistics April – Sep published 20 November 2014 –9,811 affordable starts on site –10,631 affordable completions Lot to do in final 6 months of year/current programme Provider forecasts are strong – focus on delivery Significant proportion of housing supply
Affordable Housing Programme 2015 -18 £2.9bn investment for affordable housing over period 2015-18 (Spending Round – June 2013) Deliver 165,000 homes (range of sources) Funding outside London - £1.7bn FURTHER £1.9bn nationally – Autumn Statement – December 2014 Deliver 110,000 homes Total funding now £4.8bn – 275,000 affordable homes (range of sources) Average 55,000 homes per year – significant proportion of overall housing supply
Affordable Homes Programme 2015-18: initial allocations Different approach – initial bid round and CME Initial allocations announced 22 July 2014 £886m allocated - 43,800 homes –37,700 funded, 6,100 – nil grant 160 investment partnerships – RPs, LAs and housebuilders Over 75% on firm schemes Affordable Rent and shared ownership Supported, elderly and rural housing Hostel accommodation; Travellers’ pitches; empty homes.
Smooth transition between programmes Guarantees and other programmes have acted as “bridge” between current programme and new AHP £200m Rent to Buy loan fund – prospectus published and bidding under CME Loan funding – low interest – increases from year 8 Affordable Rent – minimum of 7 years Loan repayable at end of 15 years Tenant first refusal to purchase
Smooth transition between programmes 2015-18 AHP: CME open from October Supports providers and local areas to work up schemes in line with local priorities and business plans Priorities as Prospectus - encourage: –Advanced housing manufacture –Rural housing Continue to support housing for older people, supported housing, shared ownership. VFM, deliverability and fit with local needs 2015-18 contracts – get into contract quickly (good progress) to start to deliver Bring forward schemes with 2015-18 allocations for starts that can deliver in 2014/15 Alongside focus on delivery of current programmes
Housing Standards Review: HCA Design and Quality standards 2007 Design and Quality standards remain for the 2011-15 AHP 2015-18 AHP no longer HCA specific standards as a condition of funding. Standards will be applied through the Building Regulations (for energy, security and waste) with optional requirements being introduced in the Building Regulations for the first time (accessibility and water efficiency). Responsibility for the application of optional standards in the Building Regulations will pass to Local Authorities (and compliance through Building Control) Responsibility for the Nationally Described Space Standard will pass to Local Authorities. HCA will consider space through IMS data returns.
Encouraging Advanced Housing Manufacture and speeding up delivery Advanced Housing Manufacture –Strong political interest –Cross tenure but AHP a place to demonstrate potential: especially for speed of delivery (at right price) –Skills shortages (and materials?) –Different scales –Different products Providers decide Share knowledge/experience (eg Accord) Smarter procurement – achieve scale through aggregation
Summary Affordable Housing included in National Infrastructure Plan in Autumn Statement announcements Extension of AHP – 5 year programme Acute interest in housing and increasing supply –Lyons Review –Budget –Manifestos and election –Spending Review Funding and delivery models –Grant funding and cross subsidy – what works where? –Devolution and alignment models Contribution of Affordable Housing to 200,000 (plus?) target Focus on now: –Continued delivery: Smooth transition between programmes; in contract –Continued bidding: 2015-18 AHP (CME); £200m Rent to Buy

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Inside Government 9 dec 2014

  • 1. Successful places with homes and jobs A NATIONAL AGENCY WORKING LOCALLY Funding an Increased Supply of High Quality, Affordable Homes Inside Government 9 December 2014 Fiona MacGregor, Director of Programmes - HCA
  • 2. Contents Current Programme and delivery to date 2015-18 Programme – Ensuring a smooth transition –Initial bid round outcome and recap –Continuous Market Engagement •Meeting local priorities •Quality - Housing Technical Standards Review •Advanced Housing Manufacture – speeding up delivery Summary
  • 3. Delivering the Affordable Homes Programme 2011-15 £4.8bn - 170,000 affordable homes Significant change in funding model HCA delivery target for current year 29,000 affordable housing completions (plus 1,600 from Guarantees and EH2 programmes) National Statistics April – Sep published 20 November 2014 –9,811 affordable starts on site –10,631 affordable completions Lot to do in final 6 months of year/current programme Provider forecasts are strong – focus on delivery Significant proportion of housing supply
  • 4. Affordable Housing Programme 2015 -18 £2.9bn investment for affordable housing over period 2015-18 (Spending Round – June 2013) Deliver 165,000 homes (range of sources) Funding outside London - £1.7bn FURTHER £1.9bn nationally – Autumn Statement – December 2014 Deliver 110,000 homes Total funding now £4.8bn – 275,000 affordable homes (range of sources) Average 55,000 homes per year – significant proportion of overall housing supply
  • 5. Affordable Homes Programme 2015-18: initial allocations Different approach – initial bid round and CME Initial allocations announced 22 July 2014 £886m allocated - 43,800 homes –37,700 funded, 6,100 – nil grant 160 investment partnerships – RPs, LAs and housebuilders Over 75% on firm schemes Affordable Rent and shared ownership Supported, elderly and rural housing Hostel accommodation; Travellers’ pitches; empty homes.
  • 6. Smooth transition between programmes Guarantees and other programmes have acted as “bridge” between current programme and new AHP £200m Rent to Buy loan fund – prospectus published and bidding under CME Loan funding – low interest – increases from year 8 Affordable Rent – minimum of 7 years Loan repayable at end of 15 years Tenant first refusal to purchase
  • 7. Smooth transition between programmes 2015-18 AHP: CME open from October Supports providers and local areas to work up schemes in line with local priorities and business plans Priorities as Prospectus - encourage: –Advanced housing manufacture –Rural housing Continue to support housing for older people, supported housing, shared ownership. VFM, deliverability and fit with local needs 2015-18 contracts – get into contract quickly (good progress) to start to deliver Bring forward schemes with 2015-18 allocations for starts that can deliver in 2014/15 Alongside focus on delivery of current programmes
  • 8. Housing Standards Review: HCA Design and Quality standards 2007 Design and Quality standards remain for the 2011-15 AHP 2015-18 AHP no longer HCA specific standards as a condition of funding. Standards will be applied through the Building Regulations (for energy, security and waste) with optional requirements being introduced in the Building Regulations for the first time (accessibility and water efficiency). Responsibility for the application of optional standards in the Building Regulations will pass to Local Authorities (and compliance through Building Control) Responsibility for the Nationally Described Space Standard will pass to Local Authorities. HCA will consider space through IMS data returns.
  • 9. Encouraging Advanced Housing Manufacture and speeding up delivery Advanced Housing Manufacture –Strong political interest –Cross tenure but AHP a place to demonstrate potential: especially for speed of delivery (at right price) –Skills shortages (and materials?) –Different scales –Different products Providers decide Share knowledge/experience (eg Accord) Smarter procurement – achieve scale through aggregation
  • 10. Summary Affordable Housing included in National Infrastructure Plan in Autumn Statement announcements Extension of AHP – 5 year programme Acute interest in housing and increasing supply –Lyons Review –Budget –Manifestos and election –Spending Review Funding and delivery models –Grant funding and cross subsidy – what works where? –Devolution and alignment models Contribution of Affordable Housing to 200,000 (plus?) target Focus on now: –Continued delivery: Smooth transition between programmes; in contract –Continued bidding: 2015-18 AHP (CME); £200m Rent to Buy