Making homes happen Homes England’s Strategic Partnerships · including modern methods of...

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Homes England’s Strategic Partnerships with Housing Associations

Transcript of Making homes happen Homes England’s Strategic Partnerships · including modern methods of...

Page 1: Making homes happen Homes England’s Strategic Partnerships · including modern methods of construction (MMC), means partners are helping us to disrupt the market. A new relationship

Making homes happen

Homes England’s Strategic Partnerships with Housing Associations

Page 2: Making homes happen Homes England’s Strategic Partnerships · including modern methods of construction (MMC), means partners are helping us to disrupt the market. A new relationship

#MakingHomesHappen

A new agency

Page 3: Making homes happen Homes England’s Strategic Partnerships · including modern methods of construction (MMC), means partners are helping us to disrupt the market. A new relationship

#MakingHomesHappen

Who we are

We’re the government’s housing accelerator. We have the appetite, influence, expertise and resources to drive positive market change. By releasing more land to developers who want to make a difference, we’re making possible the new homes England needs, helping to improve neighbourhoods and grow communities. So we welcome partners who share our ambition to challenge traditional norms and build better homes faster.

Join us in breaking new ground to make this happen.

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Our Strategic Plan

We were launched in January 2018 to play a major role in fixing the housing market.

At Budget 2018, we published our five-year Strategic Plan explaining the steps we’ll take, in partnership with the sector, to do this.

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Our mission & objectives

Our mission is to intervene in the market to ensure more homes are built in areas of greatest need, to improve affordability.

We will make this sustainable by creating a more resilient and diverse housing market.

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Making homes happen

Strategic Partnerships with Housing Associations

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Context

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Strategic partnerships provide housing associations with the

investment, flexibility and resources they need to unlock delivery.

We have worked closely with the sector to understand barriers to delivery and

design a new relationship.

Housing associations currently deliver around

65,000 homes per year. This needs to increase to around 100,000 to meet demand.

OverviewThrough strategic partnerships we are working to significantly increase the number of homes delivered by housing associations.

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Our approachIn April 2018, we embarked on an ambitious plan of engagement with housing associations in order to understand how we could help them to deliver more.

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Round tables with over 90 housing associations

of different sizes, operating throughout

England, provided insight from across the sector.

Partnering with the National Housing

Federation and MHCLG ensured we had buy-in

and support from industry bodies and

the Government.

Iterating our approach across different waves

of partnerships allowed us to develop our

thinking in real time.

Support from Savills enabled us to test

partners’ ambitions and provided

confidence in delivery.

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Key features of a strategic partnershipStrategic partnerships provide the investment, resources and flexibilities that housing associations need to significantly increase the supply of new homes – and support a wide range of initiatives.

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The ability to determine the tenure of a new home

when it is completed allows partners to more effectively

respond to demand.

Providing support for a wide range of initiatives,

including modern methods of construction (MMC),

means partners are helping us to disrupt the market.

A new relationship enables access to all of Homes England’s resources, including land and non-grant

investment products.

Long-term funding certainty enables

partners to be more ambitious and unlock

private finance.

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What we have achieved

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OverviewTo date, we have agreed 23 strategic partnerships with 28 housing associations.

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39,431 additional affordable homes

£1.74 billion grant investment

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Right homes, right placesPartners will deliver a range of affordable housing across England, including homes for social rent, supported living and shared ownership.

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Nearly 9,000 new homes for social rent

Nearly 14,500 new homes in the least affordable

parts of England

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Greater ambitionStrategic partnerships have enabled housing associations to be much more ambitious.

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Original delivery plans

Additional delivery plans

Partners have almost tripled the number of new

affordable homes they will deliver over the next four

years.

Their total housebuilding programme – which

includes homes for sale or rent at market price – has

nearly doubled.

Grant-funded affordable homes

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What next?We are continuing to iterate the strategic partnership model to enable housing associations to deliver more.

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On 19 September 2018, the PM announced that a further £2

billion would be made available to pilot strategic partnerships on

a longer term basis. We are working closely with MHCLG to

develop the criteria for this pilot.

We are embarking on further engagement with the sector to develop our approach and

agree new partnerships; these are likely to be formed

on a bilateral basis.

We are working to introduce some of the flexibilities

available through a strategic partnership into our wider

affordable homes programme.

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Thank you

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For more information please contact:

Stephanie Ainsworth – Head of Affordable Housing Deals [email protected]

07899 078750