DEVELOPMENT AND FUNDING: THE BEST WAY FORWARD (?) CONTEXT New social housing subsidy regime being...
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DEVELOPMENT AND FUNDING: THE BEST WAY FORWARD (?) CONTEXT New social housing subsidy regime being formed, no new name Scottish Housing Association Grant ? Housing Association Grant In Scotland …Maybe not…..
description
THE RESULT Basic subsidy / benchmark up from £42,000 to £58,000 Grant “Up front” for feasibility, acquisition fees and contract costs Grant Providers / Local Authorities have flexibility to make judgements on scheme submissions (ground conditions, acquisition costs, special needs etc.) System will rely on self certification – minimal bureaucracy Cost over-runs will be considered Rents to be based on RPI only increase Comprehensive Guidance out – very soon?
Transcript of DEVELOPMENT AND FUNDING: THE BEST WAY FORWARD (?) CONTEXT New social housing subsidy regime being...
DEVELOPMENT AND FUNDING: THE BEST WAY FORWARD (?)
CONTEXT
New social housing subsidy regime being formed, no new name
Scottish Housing Association Grant ?
Housing Association Grant In Scotland
…Maybe not…..
SHORT LIFE WORKING GROUP
GWSF, SFHA, CIH, COSLA, ALACHO, Stirling and Glasgow LAs and Scottish Government
First of 3 Meetings : April 2013
New Regime Announced : July 2013
Huge credit to all involved, but especially Government
Final work on detail completed November 2013
Outcome will be subject of review
THE RESULT
Basic subsidy / benchmark up from £42,000 to £58,000
Grant “Up front” for feasibility, acquisition fees and contract costs
Grant Providers / Local Authorities have flexibility to make judgements on scheme submissions (ground conditions, acquisition costs, special needs etc.)
System will rely on self certification – minimal bureaucracy
Cost over-runs will be considered
Rents to be based on RPI only increase
Comprehensive Guidance out – very soon?
DOWNSIDES?
No specific allowance for flatted accommodation (+£16k?)
No grant for environmental improvement
Will the “held back” schemes to be too expensive?
What happens of building inflation returns, as expected?
WHAT NEXT?
Commission feasibility studiesBuy SitesGet started!
Maybe not that straightforward?
RESTRICTIONS
Are sites available?
Are proposals very expensive?
Is environmental regeneration your priority?
Will your plans be consistent with LHS / SHIP etc.?
OTHER ISSUES
Can you get private funding?
On what terms – do you need help? (SFHA / GWSF to survey)
Have you got the appetite to develop?
Have you got the means to develop (expertise, experience)?
PERSONAL VIEW
It can work provided Grant Provider opens the gate wide enough in the first instance.
OTHER VIEWS
Glasgow and other Local Authority Perceptions are crucial (Jackie and Jim to speak to that)
