Successful places with homes and jobs A NATIONAL AGENCY WORKING LOCALLY Building new affordable homes from 2015 NHF – Development Conference Warwick - 7 July 2014 Fiona MacGregor Director, Programmes

Contents  Affordable Housing delivery – 2013/14 and to end of SR period  AHP – progress and next steps

HCA Delivery 2013/14  2013/14 - another year of successful affordable housing delivery - all thanks to our partners  Over 26,300 affordable homes completed  Further 360 affordable homes completed from newer programmes – Guarantees, Empty Homes 2 and Care and support  Nearly 30,000 affordable housing starts on site delivered – strong foundation for final year of SR delivery  More than 3,000 further starts from newer programmes

Delivery in 2014/15  HCA currently on track to meet SR targets  Indicative target for affordable housing completions – 29,000  Forecasts for year are strong  Confident will meet contribution to 170,000 aspiration by end of current SR period  Already focussing on transition to  Newer programmes have allowed a “bridge” between SR periods We help drive local economic growth by supporting communities to realise their aspirations for prosperity, creating successful places with homes and jobs.

Affordable Housing Programme : story to date  £2.9bn funding for affordable housing over period announced in Spending Round (June 2013)  Alongside 10 year rent settlement  HCA Prospectus published 27 January 2014  Bids closed 30 April 2014 (funding outside London - £1.7bn)

Affordable Homes Programme : shape  Affordable Rent (and shared ownership)  Programme can include: –Hostel accommodation –Travellers’ pitches –Former empty properties brought back into use as affordable housing  Supported, elderly and rural housing

Affordable Homes  Assessment timetable currently on track  HCA area teams completed assessment including LA input and made recommendations  National moderation completed  Draft programme to HCA investment committee  Clearance through DCLG, Ministers etc  Announcements before recess We are helping to deliver the Government’s ambitions to build up to 170,000 new affordable homes, improve existing homes, and assist first time buyers

Affordable Homes Programme : moving to delivery  Move to accelerate delivery once allocations announced –Get into contract quickly (helpful input from current providers)  High volume of starts forecast for current year  Move to pay 75% start on site tranche from 1 July to 31 March 2015  High proportions of firm schemes  Acceleration to mitigate hiatus between programme periods  Move to CME promptly – welcomed by sector –Gaps and emerging priorities

AHP : themes - construction  Driving efficient procurement and construction innovation  Innovation and OSM –Ministerial interest: Portakabin; Climate Energy Homes (Rainham); Accord –Cross tenure but with AHP a place to demonstrate potential: especially for speed of delivery (at right price) –Different scales –Different products –Consumer acceptance

Keeping in touch  homesandcommunities.co.uk  // /HCA_UK  /homes-&-communities-agency