1. Barking & Dagenham housing development & affordable housing delivery vehicles Ken Jones Head of Housing Strategy & Property Services

5. new housing supply in B&D decantstotal social rented (new) total intermediate (new) total market homes (new) 2008 130 89 80 205 2009 200 568 305 784 2010 515 1, 065 752 1,465 2011 359 831 680 1,455 2012 300 593 330 1,205 2013 300 593 330 935 2014 300 507 295 945 2015 100 242 180 850 2016 - 272 165 805 2017 - 167 110 615 Totals. 2,204 4,927 3,227 9,264

6. major housing development sites

7. meeting different household needs & aspirations bedroomstarget 1 2 3 4+ 30% 20% 35% 15% larger family homes will help meet foster carers need affordable homes 50% of the total new housing shared ownership must be affordable for local people – importance in promoting independence and raising aspirations.

8. affordable housing delivery: Local Housing Trusts Housing Green Paper – B&D pilot potentially owning 8,000 new affordable homes developed under 2 LHTs

9. delivery of new affordable homes: Local Housing Trusts What is it and what does it do Trust, comprising the Council, investment partner & English Partnerships Why How delivers, owns and manages new affordable homes locally accountable – not an RSL, based in the community and maximises new affordable homes. uses Council’s land holdings, attracts investment funding. secures Housing Corporation grant and recycles receipts into new homes

10. model LBBD transfer land as equity possible 3 rd party debt Local Housing Company 50/50 vote managed through accredited housing manager intermediate rentsocial rented shared ownership recycle receipts FM maintenance Housing Corporation grant / investment LBBD equity equals shareholding no more than 49% Investor provides equity at 51%

11. Barking Riverside Local Housing Trust private / public partnership 4,000 new affordable homes Barking Riverside 250 -300 within the redevelopment of eastern end of Thames View Estate

12. Barking & Dagenham Local Housing Trust Council led public / private partnership Barking Town Centre estates renewal potentially other Council land potentially refurbishment to tower blocks

13. why Local Housing Trusts work for Barking & Dagenham potential for land value uplift Council ownership of land holdings collaboration with English Partnerships