"Investing in our housing estates –with focus on the East Midlands“- CEO Forum, September 2015, hosted by Keepmoat06 October 2015
In his opening remarks and welcome, Martin Smithhurst covered the current environment in housing delivery and the impact on business plans of the 1% reduction in social rents. Government policy is focusing on ownership and some estimates are that up to 221,000 homes could be sold by RTB. The phasing in of funds to build replacement homes funded by sales of high value council homes will inevitably add delays so in the short to medium term, fewer social homes will now be built, reducing the overall social stock which will have an impact on those organisations working in the social sector. The energy sector is working through the reduction in FIT tariffs from 13p to 1.63p so some schemes are on hold although others are proceeding to commit as soon as possible. Partners are looking for other solutions: one way is a form of more enlightened J.V.s model, including partnerships with investors which will involve a move away from traditional grant support for rented accommodation.
In summary, a contractor-plus model working with an investor who will purchase a larger site with potential for a number of development phases with the contactor partner taking on the risk of work in progress and design and development with funds arising from sales revenue. Read more.