welcome organised by:sponsored by: the webinar will begin at 11am better hca bids webinar a webinar...
TRANSCRIPT
WELCOME Organised by: Sponsored by:
The webinar will begin at 11am
Better HCA Bids WebinarA webinar on how to make the best possible bids for funding from the HCA and
how better information about your existing homes can help underpin this.
Martin Hilditch Inside HousingCHAIR
Fiona MacGregorHCA
Carole OliverLandmark
Phil StephensSovereign
Organised by: Sponsored by:Opening remarks from the ChairMartin Hilditch, Acting Editor, Inside Housing
Organised by: Sponsored by:Fiona MacGregorHead of Affordable HousingHomes and Communities Agency
Successful places with homes and jobs
A NATIONAL AGENCYWORKING LOCALLY
Better HCA bids
Inside Housing webinar: 11 April 2014
Fiona MacGregor: Affordable Housing, HCA
2015-18 Affordable Homes Programme – funding and timetable
£2.9bn funding for affordable housing 2015-18
Confirmation of rents beyond 2015: 10 years - CPI + 1%
HCA Prospectus published 27 January 2014
Bids due 30 April 2014 (funding outside London - £1.7bn – no pre-set split of funding across areas)
Assessment & moderation of bids early May to end June
Funding decisions anticipated in July 2014
Recent update
Updates: Design & quality – 13 March
written Ministerial Statement on Housing Standards Review
Most review proposals will become part of building regulations – energy; water; accessibility
Nationally described space standard (not building regulations)
AHP prospectus addendum published on 27 March 2014
Key points
New homes meet local needs (including one and two beds)
Active asset management strategies – make use of flexibilities
Government preference for refurbishment over demolition
Efficient procurement and construction innovation encouraged
Allocation approach
Up to 75% allocated via initial bid round, balance via further market engagement
Two routes for delivery:
1. Mixed (indicative and firm schemes) – based on proven delivery performance
2. Firm scheme only route Recognises how development
opportunities arise and that some will need longer to work up firm scheme proposals
Changes to the new programme (learning from current programme) Clearer milestones on delivery of indicative schemes –
mitigate impact of end date; opportunities to re-allocate slippage.
Earlier confirmation of allocations – make use of longer lead in time for new programme
Remove average payment rate - remove complexity wherever possible and facilitate partnership working
What to bid for
Bids can include: – Hostel accommodation – Traveller pitches – Former empty properties brought
back into use as affordable housing
RPs, LAs, housebuilders can bid – partnership working strongly encouraged (access capacity)
Supported, elderly and rural housing encouraged
Funding model (active asset management and flexibilities) Sources of cost contribution:
– Borrowing against new Affordable Rent, conversions– Disposals (asset management)– Use of Recycled Capital Grant Fund & Disposal Proceeds Fund– Cross subsidy (eg from market sale)– Free or discounted land– Access to guarantees– Grant (no pre-set grant rate)
‘Something for something’: flexible (and efficient) use of assets – disposals and conversions (social rent to affordable rent or shared ownership)
Bid success
Assessment against:– Fit with local need– Value for money (50%) –
comparators across bids and current programme
– Deliverability (50%)– Meet the regulator’s viability and
governance standard HCA will verify fit with local
authorities Programme building: schemes
ranked based on value for money and deliverability; ranked bids reviewed to identify gaps
Organised by: Sponsored by:Carole OliverGroup Business Development Manager Landmark
CRITICAL BUSINESS & ASSET INTELLIGENCE FOR HOUSING PROVIDERS
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BUSINESS INTELLIGENCE – THE CHALLENGES
Is your organisation benefiting from robust intelligence to inform risk, investment, development & bid strategies?
Can you demonstrate with confidence evidence of;- What you own- It’s value & risk - Appropriate tenures & maximum asset performance?
If the proposed white paper for an ‘Asset Register’ is passed how disruptive would it be to your organisation to become ‘register-ready’?
Does your organisation have a myriad of systems working from different data sets, and or duplicating results?
Have you inherited a legacy of reliance on expensive external consultancy services?
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THE DEVIL IN THE DETAIL…
With the ever-changing challenges and financial risks (and now opportunities!) facing the Housing Sector it has never been more critical to inform business decisions and improvement strategies with robust data, and be able to identify areas of risk instantly.
The majority of RP’s have inherited inconsistent & disparate data sets & systems which result in frustrating barriers for those aspiring to achieve success through efficient & accurate working practices.
Our expertise in being able to quickly and accurately analyse data and return it with transparency and highly visual direction is proving an essential element in RP’s decision making process.
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THE GOOD NEWS!
RP’s can benefit from using straight forward analysis & intelligence solutions for minimum investment & operational disruption;
Back to basics - data cleansing & verification
Your systems can only be optimised when using accurate & robust data
Better intelligence = reduced risk & better financial performance
Informed tender submissions & investment = likelihood more successful
Exploit an advantaged position for re-financing & investment
Demonstrate long term strategy based on robust & accurate business intelligence
Informed decisions = successful outcomes
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EXAMPLE – FAMILY MOSAIC
“With over 24,000 properties in our portfolio, it is vital that the information within our property database is accurate on a number of levels.
Our immediate need was to ensure all addresses in our database match the format of Royal Mail’s, however since working with Landmark, we havebeen able to analyse a wider range of metrics, such as bedroom count. This is particularly important as this information needs to be accurate for the benefit of our tenants.”
As well as data cleansing, address matching and geo-coding of assets Landmark have also provided Family Mosaic with HMLR clarity – such as the identification of titles, charges, proprietor, lease/head lease including all past FM trading names.
We also instantly identified a number of potential sublet / tenancy frauds for investigation.
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INSTANT RESIDENTIAL MARKET ANALYSIS
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CRITICAL MARKET INTELLIGENCE CAPTURED
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INFORMED DECISION MAKING – BEST USE OF ASSETS / TENURE
Current OM Sales Value: £489,600
1999 Sales Value: £149,680
Current OM Rental Value: £1,780
1999 Target Rent Value: £420
Target Rent Value Today: £614
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OPTIMISING THE LATEST, MOST ACCURATE INTELLIGENCE TO INFORM INVESTMENT STRATEGY
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WHAT ARE YOUR LOCAL MARKET DYNAMICS?
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MULTI-ORGANISATIONAL INTELLIGENCE MAPPED
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EXAMPLE - AFFINITY SUTTON
Affinity Sutton has invested in GIS to make best use of it’s business intelligence but required data cleansing & geo-coding to effectively do so which Landmark did in just a few days.
“Affinity Sutton is a location-based business and the GIS visualisation of our asset and tenant information is a critical component of our Business Intelligence suite.
The ability to visualise our information down to door-level accuracy gives our Asset and Housing staff a picture of their properties and patches that a spreadsheet could not convey.
Whether we are mapping repairs performance, long-term voids or other information, the visualised data gives us the ability to better understand clustered issues and begin to develop improvement strategies.”
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EXAMPLE OF OWNERSHIP ON A SIMPLE MAPPING PLATFORM
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Carole Oliver
Group Business Development Manager
T: +443300366275M: 07584206324
CONTACT
Organised by: Sponsored by:Phil StephensDevelopment and Commercial DirectorSovereign
September 2012
Better HCA Bids
Phil StephensDevelopment & Commercial Director
Creating homes, shaping communities, changing lives
AHP 2015-18: The good news
• Less complicated – especially for Consortium
• Project based – stand alone assessment
• No blending of rates or cash flowing from nil grant S106 schemes
• Clear payment structure
• Focus on VFM & deliverability
Creating homes, shaping communities, changing lives
AHP 2015-18: The challenges
• Housing Standards Review
• The continuing impact of Welfare Reform
• Capturing the “value of Asset Management
• Affordable rent
Creating homes, shaping communities, changing lives
Other challenges for developing a bid
• Little or no LA or public sector land• HAs have not been “land banking”
at scale• Delivery of regeneration projects
constrained by grant levels– but values now picking up
• The basis of our bid will come from own assets
Creating homes, shaping communities, changing lives
Active Asset Management
• Developed robust model to understand the NPV of all our assets
• Set clear target on worst performing sites
• Re-planning of older persons’ “sheltered” into new housing– Challenges for the
Demolition v Rebuild preference
• Central to our strategy
Creating homes, shaping communities, changing lives
Asset Management in Action
• Swapped, acquired or sold 3,229 homes in two years
• Disposed of some quirky assets – Air raid shelter!
• Modest open market sale programme on good quality sites
• Maximised revenues from commercial property
• Created “Asset Management” subsidy in Business Plan
• Utilised RCGF for further shared ownership only
Creating homes, shaping communities, changing lives
Our questions
• What impact will Affordable Rent have on our long-term income and our ability to collect rents?
• Can conversions work everywhere?
• Do our sites meet the criteria?
• What other opportunities are available?
Thank you
Organised by: Sponsored by:QUESTIONS &ANSWERS
Organised by: Sponsored by:Closing remarks from the ChairMartin Hilditch, Acting Editor, Inside Housing
Organised by: Sponsored by:THANK YOUThe webinar is now closed