New Build Briefing Chris Munby Assets and Development Manager Steve - - PowerPoint PPT Presentation

New Build Briefing

Chris Munby – Assets and Development Manager Steve Leonard – Head of Assets and Development

The Team

• Steve – Head of Assets & Development
• Chris – Assets & Development Manager
• Mike, Nicola & Emma – Development Officers
• Amanda – Home Sales Advisor

The Development Process

• Land – privately owned and owned by the Council.
• Deciding mix and tenure.
• Procurement of contractors and consultants.
• Planning and public consultation.
• Delivery.
• Sales and Letting.
• Ownership - both SHL & the Council (HRA).

Funding New Build

• Grant funding provided by Homes and Communities

Agency.

• Remaining borrowing comes from Council.
• Rents & sales receipts repay the loan.
• Management and maintenance and major repairs

allowances are built into the financial model.

Achievements to date

• Built or acquired 315 new homes:
• Built; 163 new homes for rent.

67 new homes for shared ownership.

• Acquired; 52 homes via Mortgage Rescue.

27 empty properties. 6 buy backs.

• Enabled by securing £13m of capital grant from

HCA.

Fir Tree, Reddish

Turves Rd. Cheadle Hulme

Essex Rd. Brinnington

Prospect House, Cheadle Hulme

Berlin Rd. Edgeley

Currently on site

• 264 units currently on site;

136 new homes for rent. 128 new homes for shared ownership.

• Includes new homes via S106 agreements.
• Enabled by securing £4.8m capital grant from

HCA.

Charles St. Heaviley

Cherry Tree Hospital, Offerton

Off site manufacture – Cross Keys, Adswood

New sites for 2016-18

• Have secured £5.4m in capital grant to

deliver;

• 116 new homes for rent.
• 91 new homes for shared ownership.
• 10 new homes – L&D
• S106 sites - various

Lapwing Lane, Brinnington

• St. Thomas’ Hospital, Shaw Heath

Edwin St. Little Moor

Beyond 2018

• Funding bid submitted for 420 units for Shared

Ownership (2018-21).

• No funding available from HCA for rent.
• Therefore looking at market rent and outright

sale to subsidise new affordable rent units.

• Stockport Council Housing Company.

Summary

• The Development Process
• New Build Funding
• The Development Programme;
• Complete
• On site
• 2016-2018
• The Future;
• Drive towards Shared Ownership
• Market Rent & Outright Sale to cross subsidise Affordable

rent.

Any questions?