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Assets & Opportunities Kate Davies Chief Executive Notting Hill Housing 5 July 2007.

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Presentation on theme: "Assets & Opportunities Kate Davies Chief Executive Notting Hill Housing 5 July 2007."— Presentation transcript:

1 Assets & Opportunities Kate Davies Chief Executive Notting Hill Housing 5 July 2007

2 What do social tenants want? MORI survey March 2007

3 Situation at Notting Hill Billy – 10% Gertrude – 40% Sharon – 35% Giles – 15%

4 Tenants’ aspirations

5 London Property Prices Average London home costs £316, ,000 can’t buy, can’t rent (JRF study October 2005)

6 Housing supply 62,000 homeless 8,000 HC funded 11,000 sold 40,000 new London households formed annually 20,000 homes built a year

7 HomeOptions Desire to move and improve Money advice Life planning Explain options

8 RentPlus Disposable income - save or consume? Behave like an owner - save and maintain Accumulate lump sum plus interest Bonus for keeping home in good condition

9 10 per cent Shares Shared ownership is no longer Low Cost £200,000 flat  50% share - £29,000 p.a.  25% share - £24,000 p.a.  10% share - £20,000 p.a.

10 Social HomeBuy Article in tenant's magazine generated 1800 enquiries 350 desk top valuations Reinvest in new homes Affordable on £20,000 salary 16 homes sold – more than any other RSL

11 Stylish, well designed city apartments Great value - £150,000 First-time buyers, younger people and down-sizers Affordable City Living

12 Kerrington Court 24 one and two beds in Shepherds Bush Rolling ASTs Social rents Additional contract of rights and responsibilities  Rents, repairs, behaviour, finances  Family, volunteering, work, training

13 Deregulation Tenure reform Rent reform Landlords offer a range of products at different price points

14 Love Where You Live Treat customers as individuals Learn from supported housing Be open and flexible (not ideological) Social mobility not social exclusion

15 Your questions


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