Item 6: Local Action on Affordable Housing

Cllr Lewis RoseChair of EMC’s Affordable Housing Task & Finish Group

The Affordable Housing Challenge

● 75% reduction in HCA funding for affordable housing in the East Midlands for 2011-15

● Lack of understanding about strength of the East Midlands investment case

● Perceptions about the challenges of ‘doing business’ in some areas

● Lack of a joined up approach between key institutions and interests

Our Response

Affordable Housing Prospectus: setting out the ‘East Midlands Offer’

East Midlands Declaration on Affordable Housing: demonstrating local political commitment

Examples of Best Practice: showing what we can deliver given the chance

Affordable Housing Prospectus

Based on the Smith Institute research

Sets out both the economic and social benefits of investment

Demonstrates the value of investing in the EM to UK plc

Affordable Housing Declaration

Sets out a list of key commitments

Supported by EMC, NHF and the HCA

Derbyshire Dales the first to sign up – more have now followed!

Case Study: Gainsborough

Case Study: Derbyshire Dales

Case Study: Leicestershire NHB

Concluding Comments

There is a strong appetite for innovation and delivery in the East Midlands

Councils are committed to taking the tough decisions that will make a difference on the ground

With greater investment, we could achieve so much more…