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HCA Role and Delivery Bircham Dyson Bell Pat Ritchie 30 November 2011
HCA Role and Delivery
Bircham Dyson BellPat Ritchie 30 November 2011
Contents
HCA: role and remit
Market conditions
Economic development, LEPS and the housing strategy
Discussion
The HCA role We are the people who help get things done…
Working with people and places to enable them to deliver homes, economic growth and jobs
Delivering programmes of investment
Making best use of our land and that of government/ other public bodies
From April 2012 the HCA will become the regulator of social housing providers
HCA Purpose: to contribute to economic growth by helping communities to realise their aspirations for prosperity and to deliver quality housing that people can afford
London
Devolution of investment function to GLA
Investment programmes and team will pass to GLA April 2012
New powers to Mayor to create Mayoral Development Corporations
Local councils control local planning decisions
Regulator will have power to direct the GLA not to give financial assistance to registered providers Barking Riverside
Lending to first-time buyers
Source: CML, Q3 2011
Current position: 13% up on last Q; 3% down on same Q last year; 45% down on Q3 07
-
20,000
40,000
60,000
80,000
100,000
120,000
Q3 20
07
Q4 20
07
Q1 20
08
Q2 20
08
Q3 20
08
Q4 20
08
Q1 20
09
Q2 20
09
Q3 20
09
Q4 20
09
Q1 20
10
Q2 20
10
Q3 20
10
Q4 20
10
Q1 20
11
Q2 20
11
Q3 20
11
nu
mb
er o
f lo
ans
-5101520253035404550
as a
% o
f al
l lo
ans
for
ho
use
p
urc
has
e
Number of loans % of total for house purchase
House buildingCurrent position: Starts down 1% on last Q, and down 10% on same Q last year. Starts are 35% below long-term average Completions down 4% on last Q, and down 3% on same Q last year
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Q3
2007
Q1
2008
Q3
2008
Q1
2009
Q3
2009
Q1
2010
Q3
2010
Q1
2011
Q3
2011
No
. of
un
its
Starts Completions
Source: DCLG, Q3 2011
Land and regeneration
HCA land development and disposal strategy will deliver 3,000 new homes by 2015
Pioneering “Build Now, Pay Later” approach of deferred payment
Making best use of HCA and other public land
Economic Assets Programme working with LAs to secure local economic development
Economic Assets Programme
What it means:
£300m assets transferred, 19 Sept
Over 300 assets
91 former RDA staff transferred
Established within the HCA as a ring fenced programme
Assets managed by local teams to ensure we support local priorities
Builds on HCA expertise in land and property
Economic Assets Programme
The stewardship model
HCA own the assets under local stewardship arrangements
The model offers:
– LA/partner influence over use
– Removes LA tax/borrowing issues
– Local partners can align with gov’ economic growth programmes
– Avoids sales at low levels
– Offers a single point of contact for gov/partners
– Localist by aligning these assets with LA interests
“We play a key role in Governments ambition to make the best use of public land to benefit communities”
Key housing and regeneration points for LEPs to consider?
Is housing a barrier to achieving more local growth?– is supply lagging behind growth or potential growth?– is your local housing offer not adequate to attract skilled people?
Is the physical environment in your place right for business growth?– are there local assets that could be made to work better for your
area?– or, are there liabilities that are holding your place back?
Are there cross-boundary strategic planning or infrastructure issues that are affecting your places growth potential?
‘INCREASING SUPPLY’ Mortgage indemnity Growing Places Fund Get Britain Building
(Stalled sites) Public Land Land auctions Locally planned large-scale
development Custom Build (Self-build) Community-led NPPF
Reinvigorated Right to Buy Stock transfer
Private Rented Sector Empty Homes
‘SOCIAL AND AFFORDABLE HOUSING REFORM’
OTHER
Housing Strategy: Laying the Foundations
Discussion
Views of current market conditions
Housing as key infrastructure for economic growth
Private sector appetite to invest in infrastructure and housing
Implementing the Housing Strategy to deliver local ambitions
