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The Henry Stewart 2005 Annual Briefing on

The Affordable Housing Market

Chair:
Bruce Mew
Director, Housing & Regeneration
Ernst & Young

Speakers:
Peter Chapman
Director
Tribal HCH

Philip Hillman
Head of Student and Key Worker Team
King Sturge

Simon Jenkins
Director
Adams Integra Ltd

Jagdish Jethwa
Head of Services
PHIU (Private Housing Information Unit)
London Borough of Brent

Alan Lewin
Director of Housing Services
Hereward Housing Association

Anthony Lee
Head of Affordable Housing
Atisreal UK

Chris Marsh
Sustainable Property Consultancy

Peter Ruback
Divisional Manager,
Affordable Housing Division
Office of the Deputy Prime Minister

Fiona Sadek
Associate Director
Colliers CRE

UNDERSTANDING THE REALITY AND THE EFFECT OF CURRENT GOVERNMENT POLICIES

  • Reliance on the market with limited subsidies (social housing grant)- with little attention to regional (economic) policy leading to overheating in London and Home Counties and housing demolition in parts of Northern England
  • Reform of Planning policy guidance & Section 106 - is it cosmetic name changing?
  • What does this all mean for developers
  • Communities Plan - will people want to live in Thames Gateway and other priority areas?
  • Encouragement of more diversity in Affordable Housing - private developers, ALMOs etc
  • Are there too many initiatives and performance targets and insufficient strategic planning and funding?
  • The consultation document on low cost home ownership
  • Private sector supply of social housing

 

HOUSING CORPORATION POLICIES

  • Meeting the challenges of Housing Associations
    - New Partnerships in Affordable Housing
    - Protecting our Communities
    - Regeneration and Market Renewal
    - Reinventing Investment
  • Will the policies work?
  • What are the implications and reality for housing associations?

 

ARE LOCAL AUTHORITIES MAXIMISING THEIR OPPORTUNITIES

  • Getting the strategy in place
  • Non-Housing Revenue Account PFI
  • New delivery vehicles
  • Partnerships with housing associations and private investment companies

 

PUBLIC AND PRIVATE SUBSIDY FOR AFFORDABLE HOUSING: GRANTS AND LAND TAX

  • Availability of grant funding
  • Moving from public subsidy to land taxes
  • Assessing the impacts of grant withdrawal
  • Making development work without grant
  • The role of viability appraisals in securing grant

 

THE FUTURE OF PLANNING OBLIGATIONS

  • Planning obligations - current practice
  • The incidence of planning obligations
  • Government proposals
  • Financial implications

 

THE NEAR AND MEDIUM TERM FUTURE OF THE AFFORDABLE ‘HOUSES FOR SALE’ MARKET

  • Current market trends
  • House buyers' affordability
  • Affordable housing in the private market sector
  • Prospects in the future – buy or rent?

 

THE LETTING MARKET: LOCAL AUTHORITIES AND PRIVATE LANDLORDS – WORKING IN PARTNERSHIPS

  • Breaking the chain of homelessness
  • Supply versus demand
  • Incentive schemes
  • Regional/sub-regional working
  • Impact of new legislative changes - Housing Act 2004, Housing Benefits, possible Tenure changes

 

FROM COUNCIL HOUSING TO FLEXIBLE TENURE – THE TRANSFORMATION OF SOCIAL HOUSING AND WHERE IT IS GOING IN THE FUTURE

  • Where we have come from?
    - Pre 1980
    - The Right to Buy
    - Private finance and LSVT associations
  • What are we doing now?
    - Section 106 agreements
    - Mixed tenure estates
    - Exception sites
    - Shared ownership/fixed equity
    - Homebuy
  • What we will be doing?
    - SHG for developers
    - Development/management consortia/group structures
    - Non-SHG funded RSL developments
    - Portfolio management
    - Equity shares and flexible tenure

 

THE MAJOR MARKET OPPORTUNITIES HIGHLIGHTED AND APPRAISED

  • Student/Keyworker accommodation
    - Demand & supply issues, lease structures and the investment market. Who are the main players? When can it qualify as 'Affordable Housing'?
  • Senior Living
    - An emerging market. How can site values be maximised for senior living development? Who are the players and what are they looking for?