SHEFFIELD HOUSING COMPANY A Joint Venture Housing and Regeneration - - PowerPoint PPT Presentation

SHEFFIELD HOUSING COMPANY A Joint Venture Housing and Regeneration Company

Why Sheffield Housing Company?

Undesirable neighbourhoods leading to housing market failure.

Why Sheffield Housing Company?

Re-think Re-plan Regenerate

Why Sheffield Housing Company?

Desired outcomes:

Improved Neighbourhoods: Building a range of homes to facilitate the long term regeneration of Sheffield’s residential suburbs while contributing to the strengthening of the local economy. Delivery of High Quality Homes as a catalyst for change: Greater control over the delivery of high quality, sustainable new homes in Sheffield, at a greater pace than previously achieved under other initiatives. SHC Values: Delivering Quality Investing Locally Valuing Our Environment Championing Inclusivity

What is Sheffield Housing Company?

Company Set Up :

• Concept and planning 2007.
• May 2009 Competitive Dialogue process began to find a partner.
• 5 companies invited to bid from 90 interested parties.
• Negotiations concluded in January 2011, company established July 2011.

SCC LAND KGP CASH

Land is matched by EQUITY NEW HOMES Repayment of Land Value Repayment

• f Equity

SHC

50:50 SCC : KGP

Borrows development finance

Division of Surplus Division of Surplus

SHC – Sheffield Housing Company KEY KGP – Keepmoat Great Places

What is Sheffield Housing Company?

Delivery Mechanism:

SHC SCC

Report to Members

Shareholders

SCC KGP

Board

3 SCC Directors 3 KGP Directors

Management Team

Employed Directly by SHC

Project Teams (Design Development & Construction) Working Groups (Policy/ Stakeholders)

KEY

SHC Strategic Partnership Board Landowner Operations Board

What is Sheffield Housing Company?

Progress to date…

680 new homes: 534 open market sale, 84 affordable rent, 36 shared ownership, 26 private rent

Phase 1: COMPLETE 3 sites, 293 homes in total, 80% Open Market Sale, 20% Social and Affordable Rent. Phase 2 & 3: UNDER CONSTRUCTION 7 sites, 811 homes, 64% Open Market Sale, 3% Affordable Rent, 3% Shared Ownership, 30% Private Rent. Phase 4: PLANNING 5 sites, 314 homes, 90% Open Market Sale, 10% Shared Ownership. 1 site with Planning approval, remaining 4 sites due for submission early 2019. Phases 5 & 6: PRE- PLANNING 9 sites, 640 homes, 90% Open Market Sale, 10% Shared Ownership. Planning submissions mid-late 2019.

Neighbourhood impact: customer data

Neighbourhood impact: customer data

Neighbourhood impact: customer data

Norfolk Park

Initial Sales Price Latest Sales Price Percentage Increase 2 Beds £130,000 (Jun 13) £168,000 (Jun 18) 29.2% 3 Beds £150,000 (Mar 13) £205,000 (Jan 19) 36.6%

• 220 homes/apt, OMS/AH/PRS - complete
• 77 homes, OMS/PRS – under const.
• 145 homes/apt, plus retail - commence 2019
• £0.4M investment in parks - 2018

Neighbourhood impact: private sector confidence

Initial Sales Price Latest Sales Price Percentage Increase 2 Beds £103,000 (Jan 13) £131,000 (Oct 18) 27.2% 3 Beds £118,500 (Feb 13) £162,000 (Jun 18) 36.7%

Parson Cross

• 264 homes, OMS/AH scheme – complete
• 106 homes, OMS scheme – commence 2019
• 195 homes, OMS/ scheme – 2021
• £70M retail development –complete
• £5M school investment – complete
• £1.1M investment in parks – under construction

Neighbourhood impact: private sector confidence

Economic impact: Business, jobs and training

610 FTE Jobs Created 60 Apprenticeships

Longevity of Build: 6 years Contract Value Let: £119M Active sites: 4-6 Since 2012, SHC has invested over £100M with businesses in the city region, over £45M with SMEs.

Economic impact: council income generation

Cutler’s View Norfolk Park Sheffield

Cutler’s View Norfolk Park Sheffield

Earl Mashal Fir Vale Sheffield

Brearley Forge Parson Cross Sheffield

Brearley Forge Parson Cross Sheffield

SHEFFIELD HOUSING COMPANY A Joint Venture Housing and Regeneration Company

John Clephan, Project Director Email: johnclephan@sheffieldhousingcompany.co.uk Tel: 0114 273 0119