CEO Forum: Shaping the future – The Midlands Housing Offer26 October 2016
CEOs of The Housing Forum member organisations met in Birmingham on 21st September 2016 to discuss shaping the future for the Midlands housing offer. Focus was on how to improve quality in construction and ensure that shared ownership and other tenures can be built out commercially – even if the market fluctuates.
The conclusions of the Forum are:
- Particularly in times of uncertainty joint ventures offer a good basis for the long-term
- Shared ownership opportunities will be taken up but housing providers are demonstrating a case for greater tenure flexibility
- Housing provider board need proven commercial expertise
- An active building and sales programme is good business for housing providers and some who stopped building due to the 1% rent reduction found that not developing made their situation worse
- Some national housing associations are showing interest in investing in the West Midlands due in part to the “investable proposition“ stemming from the combined authority
Lee Sale from Wates Residential began with an overview of the housing market: demand continues to be high and facing the exit from the EU, little so far has changed. Quality and confidence need to be kept high as uncertainty could have an adverse impact. Wates is committed to supplying affordable housing and the core of the offer is to work in partnership, taking risk and reward together and support joint ventures with cash and development expertise.
Other speakers included Steve Dallaway from Birmingham Municipal Housing Trust, Darren Clarke from Arcadis, Gary Fulford from WHG, Amanda Tomlinson from Black Country Housing Group, and Tim Bush from Baily Garner.