Presentation on theme: "Increasing access to shared accommodation Oasis Aquila Bond Scheme Gateshead Mark Reynolds Project Team Leader."— Presentation transcript:
Increasing access to shared accommodation Oasis Aquila Bond Scheme Gateshead Mark Reynolds Project Team Leader
Oasis Aquila Bond Scheme Project Outline Founded in 2011 with Crisis funding and support Have housed over 80 households in PRS accommodation on Tyneside 95% exceed 6 months, 86% exceed 12 months Recognised in 2013 as Crisis Private Renting Champion for Sustainable tenancies Began Sharing Solutions in December 2013 Procuring property via use of Empty Homes Grant funding
Oasis Aquila Bond Scheme Project Outline Sharing Solutions project using properties acquired under EHG for training flats. Working in partnership with Crisis Skylight in Newcastle to deliver Renting Ready training. Properties across Gateshead, mainly 2-bed flats. Also working with third party PRS landlords. Now looking at ‘lead tenant’ model within own flats.
Empty Homes Grant - Criteria Government funding channelled through Homes and Communities Agency (HCA) 70% funding for Registered Providers and LA’s 30% third-sector agencies including Oasis Aquila Housing To purchase properties empty >6 months Refurbish and bring back into use at affordable rents Residential or business properties – two rounds of EHG Lease and repair or Purchase and repair
Empty Homes Grant - Delivery Small initial bid £72k Round 1 – 2 x 2-beds £276k Round 2 – 6 x 2-beds Development loan of £300k, Unity Trust Bank Properties cost £35 - £50k per unit. £15k - £20k refurbishment costs per unit 2 nd national provider to deliver on grant Begin property portfolio – lead to further funding opportunities
More information Homes and Communities Agency https://www.homesandcommunities.co.uk/ourwork/empty-homes https://www.homesandcommunities.co.uk/ourwork/empty-homes Department for Communities and Local Government https://www.gov.uk/government/policies/increasing-the-number- of-available-homes/supporting-pages/empty-homes https://www.gov.uk/government/policies/increasing-the-number- of-available-homes/supporting-pages/empty-homes Empty Homes – charity, advice and support http://www.emptyhomes.com/ http://www.emptyhomes.com/ Questions Contact: Mark Reynolds, firstname.lastname@example.org@oasisaquila.org.uk