We are pleased to announce that Chelmsford City Council, Southend-on-Sea Borough Council and Tendring District Council have become the newest councils to graduate from our Housing Business Ready Programme in 2017.
All three councils demonstrated that they have the tools and capacity to deliver homes needed in their communities. We were impressed with the all-round strength of the council officers, and the strong commitment to build more homes, faster.
Special thank you to the South East Local Enterprise Partnership (SE LEP) for their funding and support on the Housing Business Ready Programme for Southend-on-Sea Borough Council and Tendring District Council.
Inside Housing published an interview with HFi chief executive, Natalie Elphicke, which explores the progress of the HFi since its inception, and Natalie’s beliefs for the next steps in housing delivery.
Click here to read the full article online or here to download a PDF copy
Heylo Housing, a specialist registered provider, have launched a new product. The product – called Let’s Share – creates shared ownership between Heylo and a council or housing association partner.
It is designed to allow local authorities and housing associations to stretch available financial resources to provide more affordable rented housing.
The LA/HA partner buys a share in a normal Shared Ownership lease from its resources (such as RTB receipts) and Heylo fund the rest.
Instead of a sale & leaseback structure, each property is individually lease financed – making asset management much more flexible. Let’s Share can deliver properties for rent immediately via second hand markets or via new build S106 developments. Just like consumer shared ownership the act of buying a share makes acquiring a unit of housing much more affordable.
The LA/HA has an agreement to sub-let each property as it sees fit and otherwise the model works just like individual shared ownership for customers.
The intention is that the Let’s Share property would be made available for long term affordable renting by the LP/HA partner and the model is designed to generate a surplus based on lettings at local housing allowances.
Lancashire County Pension Fund are the core funders behind the deal.
Heylo hope to attract up to £1billion of institutional investment funding in their suite of affordable housing solutions and the Let’s Share product line.
Please click here to read The Telegraph article
Congratulations to the London Borough of Barking and Dagenham, who have appointed Lord Kerslake to become chair of Be First, the council owned regeneration company.
The company is expected to launch in October this year and aims to attract new investment for development in the area.
Please click here to read the press release