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Innovation in housing supply Y:Cube Housing YMCA London South West.

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Presentation on theme: "Innovation in housing supply Y:Cube Housing YMCA London South West."— Presentation transcript:

1 Innovation in housing supply Y:Cube Housing YMCA London South West

2 What we wanted? Own front door Separate double bedroom Affordable to rent and run Aspirational No need for grant Demountable Low environmental impact Compact

3 Who is Y:Cube? YMCA London South West – Registered RP – Operating across South West London Supported Housing Health & Wellbeing Children’s & Youth Work Roger Stirk Harbour + Partners – Design lead – R&D SIG – Main contractor

4 What is Y:Cube Housing? One bed, 26m², self contained unit for single people Volume-metric ‘Back of a lorry’ Demountable Sustainable Code 4 to 6 Low carbon footprint recyclable Life span of 60+ years Good for undeveloped sites – from only 0.2 acre – brownfield sites – leased from 5-20 years Several LAs and housing providers keen to use Strong support from GLA, DCLG & HCA,

5 About the construction system? Patented technology – Code level 4/6 – airtightness – Excellent acoustic & thermal performance NHBC approved System also used by ASDA, Tesco and Sainsbury’s Independently assessed by Arup, Taywood, BRE Light weight 8 weeks manufacture Meets building regs. Design life 60 years + 20% cheaper than other forms of construction

6 Design and Planning Adaptable – Schemes can breathe – Lease sites – Cladding solutions Compact Not a homelessness solution – good design Last as if it’s a permanent home Not a life time home – Semi permanent accommodation – Size below GLA size standards – Sufficient for single person for average 3-5 years Full residential planning application Scalable

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11 Budget for 1 st scheme Capital costs Construction £1.5m All fees £0.2m Land £0.4m Total £2.1m Key outcome 36 units plus office £145 rent Annual Revenue Income Rental income £270K Expenditure Capital + Interest £188K Running/mgt costs £81K Surplus £1K

12 Finance Social Investors – Charitable trusts/foundations lending Institutional finance Bank finance Retail social bond Reserves Local authority investment Grant

13 Resident Involvement YMCA residents involved in design and development

14 Social Benefits – Society No grant required Scalable solution £75K saving on benefit payments per year – Compared to typical rent of £220 for the area for someone receiving welfare benefit Increase social mobility Regeneration – Mixed communities – Community facilities

15 What next?

16 Contact Details Andy Redfearn – Director of Housing & Development, YMCA London South West andyredfearn@ymcalsw.org Tel 020 8339 7305 www.ymcalsw.org/ycube


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