Post on 04-Feb-2020
www.housing.org.uk
Speakers: Tony Tench
Retirement Housing and Property Director Hanover Housing Association
David Pye
Head of Development and Asset Management
Derwentside Homes
Chair: Kevin Beirne
Group Director, Housing Care and Support
One Housing Group
A4
Specialist housing for an aging population –
what’s the future?
Sponsored by
Session focus
• Changing market
• Approach to Asset
Investment
• Considering the
options
• Developing for the
future
• Positive choice
Sex, Skydiving and Tattoos
• Retire the word
‘retirement’
• Personalise to reflect
individuals
• Why are ‘age related’
products bland and
institutional?
Housing Crisis? Bring back the
Bungalow
• Build homes people want
to live in
• Encourage downsizing
• Release family housing
• Release equity to pay for
care
Sociable Housing in Later Life
• Dislike of age
segregated ‘ghettos’
• Models that actively
enable community
inclusion
• Choice?
Ageing in the Middle
• Middle income pensioners as
well off as middle income
earners
• Should be a presumption of
equality – including sharing the
pain of deficit reduction
• Less protection from austerity
cuts for older people in return for
investment in health and
wellbeing
Strategic Response
Asset Investment Planning
Category
Potential Future Investment and/or Action
Good
Life up to 30 years or more
Acceptable (+)
Expected life 15-20 years
Acceptable (-)
Life up to 10 years
Concern
Requires immediate action – dispose/ remodel / redevelop
Current Asset Investment Strategy
• Component
replacement
• Energy efficiency
• Business case for
improvement
• Modernisations
• Options
Energy Efficiency
• Energy Performance Certificates
• Improved component performance
specifications (e.g. LED lighting)
• Pilot initiatives:
– External cladding
– Air Source Heat Pumps
– Switching electric to gas
– Building Management Systems
• Cost of improvement generates
savings for residents. Business
case for Hanover predicated on
improved demand and economic
life.
Minor improvements
• Addresses limitation of a
component led
maintenance programme
• Reflects changing
patterns of demand
• Includes:
– Lift provision
– Landscaping
– Scooter stores etc
Modernisation: From this
To this…Hanover Point Re-born!
Sales & Buy Backs
• Ownership choices
• Mixed tenure benefits
• Value for money –
challenge!
• Capital receipt
• Resident incentives
• Purchase of
leasehold
• Market rent
Co-Payments
• Bathrooms and
Kitchens
• Resident led
• Hanover contribution
• Fantastic results
• Over 50% completed
by new tenants
Option Appraisal
• Better market
understanding
• Location, location,
location!
• Business planning
• Options for concerns
Re-Develop: Haywards Heath
Conversion: Southdene
Dispose
• Moral dilemma
• EUV transfer
• Vacant sale
Development
• Contemporary offer
• Age exclusive
• 60:40 Sale to Rent
• No grant
• 1250 properties
• Target downsizers
• Reduce under occupation
Positive Choice
• Needs and demands?
• Spectrum of options
• Focus on quality
• Core values
• Central purpose
www.housing.org.uk
Speakers: Tony Tench
Retirement Housing and Property Director Hanover Housing Association
David Pye
Head of Development and Asset Management
Derwentside Homes
Chair: Kevin Beirne
Group Director, Housing Care and Support
One Housing Group
A4
Specialist housing for an aging population –
what’s the future?
Sponsored by
Excellent homes. Quality service. Proud communities.
National Housing Federation Conference 2013
Sheltered Courts – Fit For the 22nd Century
Excellent homes. Quality service. Proud communities.
Independent Living –
An Opportunity Not To Be Missed
• Changing market
• Approach to Asset Investment
• Considering the Options
• Developing for the Future
• A Model with Sustainable Demand!
• Positive Choice
Changing Market
• “The teenagers of the 60’s and
70’s are our customers of
today!!”
• Boutique Style Hotels!
• Luxury Apartments with
“Quayside Living.”
• “Sex, Skydiving, Tattoos and
ALCHOHOL!!”
Excellent homes. Quality service. Proud communities.
Approach to Asset
Investment
Excellent homes. Quality service. Proud communities.
• All Investment must be Sustainable:
Financial
- Rental Income
- Rent Loss Through
Void
- Capital Investment
- Repairs Costs
- Management Costs
Performance/Prospects
- Stock Turnover
- Management
Assessment
- Tenant Satisfaction:
- Neighbourhood
- Estate
- Social Deprivation
- SAP
Considering the Options
• 8 Sheltered Courts:
– 5 Apartment based – Sustainable.
– 3 Bedsit based – Unsustainable!!
• Options Appraisal:
– Sale.
– Demolish and land bank.
– Demolish and Rebuild.
– Major Refurbishment.
Excellent homes. Quality service. Proud communities.
Developing for the Future
• Independent Consultation by TPAS with
current and future tenants to define:
– Essential
– Desirable
• Could not afford the scheme the tenants
desired – therefore Value thorough
Innovation.
Excellent homes. Quality service. Proud communities.
Developing for the Future -
Best Practice
Excellent homes. Quality service. Proud communities.
Developing for the Future -
Innovation into Value
Excellent homes. Quality service. Proud communities.
A Model with Sustainable
Demand!!
Excellent homes. Quality service. Proud communities.
Outputs
Excellent homes. Quality service. Proud communities.
• Recycling a building through innovative refurbishment to create an
iconic contemporary building that meets tenants and business
demands;
• Breaking the mould to create aspirational boutique style retirement
accommodation fit for the 22nd century;
• Creating flexible and sustainable accommodation which meets
Lifetime Homes and Housing Corporation design standards;
• Challenging tenant aspirations through contemporary design;
• The creation of a local landmark building which provides wider
contextual benefits to the setting;
• Delivering a sense of safety and security with defensible external
space;
• Providing a scheme which incorporates facilities to generate a sense
of community through shared interior and exterior amenity spaces;
• Delivery of all essential and all desirable items within budget..
Positive Choice –
Homes With High Demand
Excellent homes. Quality service. Proud communities.
Positive Choice –
Homes With High Demand
Excellent homes. Quality service. Proud communities.
A Place I Would Be Proud
To Call Home!
Excellent homes. Quality service. Proud communities.
Where Next?
Excellent homes. Quality service. Proud communities.
Magdalene Court – 19 Apartments
Castle Court – 41 Apartments, 5 Bungalows for sale
Lynwood House (New Build) – 33 Apartments (inc 13 for
sale) plus a GP Surgery
Excellent homes. Quality service. Proud communities.
www.housing.org.uk
Speakers: Tony Tench
Retirement Housing and Property Director Hanover Housing Association
David Pye
Head of Development and Asset Management
Derwentside Homes
Chair: Kevin Beirne
Group Director, Housing Care and Support
One Housing Group
A4
Specialist housing for an aging population –
what’s the future?
Sponsored by