CIH Scotland l. Keeping our Rents Affordable. 2 nd October 2013 Donna Milton, Managing Director, Arneil Johnston
|
|
- Rodger Randolf Palmer
- 5 years ago
- Views:
Transcription
1 CIH Scotland l Keeping our Rents Affordable 2 nd October 2013 Donna Milton, Managing Director, Arneil Johnston
2 Why is Affordability Analysis on the Agenda? Housing system analysis Development funding model assembly PRS research MMR feasibility Arneil Johnston work programme 2013 Key issues & questions Consumer ability to meet costs, preferences & choice Economics of development Effectiveness of housing system operation Sustainability of social housing business model
3 Components of Housing Affordability Assessment What evidence do you need & what factors should be considered Housing costs Household incomes Consumer factors Housing economics Rental values House prices Equity assumptions Lending costs Area profiles Target consumers Access to subsidy Ability to pay Preference: willingness to pay Viability of investment Sustainability of management/ maintenance
4 Housing Affordability Model Model Inputs Model Assumptions Income profile Customer intelligence CACI Paycheck Salary benchmark Benchmark: ability to meet Housing costs & rent levels Affordable rents MMR rents Market rents Shared equity Shared ownership Market entry % income devoted to housing costs Rent to income ratio % +/- market rents/lha levels Rent to income ratio % equity stake Equity/rent ratio Mortgage multiplier % who can/cannot afford each housing tenure
5 Local Authority Tenure Affordability Profiling Council A Council B Council C Council D Rural Urban-rural A Urban-rural B City Median income: 22K Median income: 28K Median income: 25k Median income: 30k RSL rent: RSL rent: RSL rent: RSL rent: PRS rent: 436 PRS rent: PRS rent: PRS rent: 1,122 Market entry: 65,805 Market entry: 86,613 Market entry: 58,465 Market entry: 118,000 % social housing: 15% % social housing: 16% % social housing: 29% % social housing: 23%
6 Rental Benchmarks Property Size Market Rents LHA Rates LHA/Market variance Social Rents Market/ Social variance LHA/Social variance Council A % % -36% Council B % % -44% Council C % % -32% Council D 1, % % -55% LHA rates up to 44% below commercial values RSL rents up to 75% below commercial values RSL rents up to 55% below LHA rates
7 Tenure Affordability Assumptions Social housing Average RSL rents per area 30% income devoted to rent Market rent Average Market rents per area 30% income devoted to rent Mid market rent 80% LHA rate per area 30% income devoted to rent Lower Quartile Market LQ price per area 15% deposit 3 X s mortgage multiplier New Supply Shared Equity 120,000 per unit 80% equity share 7.5% deposit 3 X s mortgage multiplier Low Cost Home Ownership 120,000 15% deposit 3 X s mortgage multiplier
8 Income to Rent Ratios Rents are considered to be affordable if the household pays no more than 25% of their income on housing costs In reality, most households will spend between 25% to 35% of their income on housing costs Model assumption: income to rent ratio tested at 30%
9 Customer Sounding Board Validating income to rent ratio assumption Research June 2013 Willing to spend Actually spend 1% 10% 20% 30% 40% 50% 60% 90% willing to pay between 20%-40% of income on rent but spending significantly more 50% are spending between 40%-50% of their income on rental costs alone
10 % that CANNOT Afford by Tenure Rural Urban-rural A Urban-rural B City area On average 22% can t afford social housing On average 65% could afford MMR product On average 47% could afford market sale Average size of social rented sector: 21% Average size of intermediate sector:??? Average size of owner occupied sector: 70%
11 % that CANNOT Afford by Tenure 19%-25% can t afford RSL rents 31%-40% can t afford MMR 35%-69% can t afford PRS 47%-56% can t afford market entry 49%-57% can t afford shared equity 56%-64% can t afford LCHO
12 Rental Affordability MMR improves affordability for 2% MMR improves affordability for 29% Structure of local economy & local income profile are key drivers in PRS affordability
13 Knowing the Customer Rural area: PRS tenant base income profile 35% of all local households can t afford market rents 49% of PRS tenants can t afford market rents 25% income to PRS rents 30% income to PRS rents 40% income to PRS rents 39% PRS tenants pay less than this 61% tenants need to pay more than this 51% PRS tenants pay less than this 49% tenants need to pay more than this 65% PRS tenants pay less than this 35% PRS tenants need to pay more than this 27% not receiving LHA 18% not receiving LHA 10% not receiving LHA
14 Affordability Analysis Assessing housing affordability depends on relationship between 3 factors Housing cost Ensure baseline evidence is robust Use housing market analysis to inform assumptions Know your customer base: consumer ability & preferences Household incomes Consumer There is a forth factor however.
15 Rent Affordability & Business Management The biggest individual risk to a housing business plan cash position is not to increase rents in line with costs If rents are frozen and don t increase with costs Positive cash positions can drop substantially Finances threatened more by other risks Lenders may be less confident in the Plan Tenants cannot make same investment choices
16 Business Plan Risk Analysis What risk factor has the worst impact on a positive financial position? Cash reduces by 7% Arrears triple due to HB changes Rents fixed at inflation only Cash reduces by 49% Cash reduces by 13% SHQS costs increase by 15% Pension costs increase by 15% Cash reduces by 5%
17 How do you Balance Affordability & Limit Risk? Know your business & your customers Analyse expenditure Which costs are controllable? Which costs are linked to inflation? Do we need to cut costs to maintain affordability? Business plan development Tenant engagement Test inflationary assumptions Share the evidence Based on cost Encourage informed structure what decision making increase is needed to stabilise plan? Dialogue on rental policy
18 Housing Affordability Policy Investment & rental strategy should be informed by evidence of Housing costs Income profile Consumer choice Housing economics Rental values House prices Tenure model assumptions Local households Target consumers Access to subsidy or lending Ability to pay Preference: willingness to pay Viability of investment Sustainability management/ maintenance model Customer engagement & informed dialogue on priorities is essential
PRS and Opportunities for Social Landlords in Scotland. Dr John Boyle CIH 29 January 2015
PRS and Opportunities for Social Landlords in Scotland Dr John Boyle CIH 29 January 2015 OUR RESPONSE TO GOVT CONSULTATION Removing no-fault evictions Risk is disproportionate to investors Reactive rather
More informationAdroddiad Asesiad Marchnad Tai Lleol Gwynedd Local Housing Market Report. Gwynedd Local Housing Market Report
Adroddiad Asesiad Marchnad Tai Lleol Gwynedd Local Housing Market Report Gwynedd Local Housing Market Report Uned Strategol Tai, Gwasanaethau Tai Strategic Housing Unit, Housing Services 2013 Index Content
More informationA matter of choice? RSL rents and home ownership: a comparison of costs
sector study 2 A matter of choice? RSL rents and home ownership: a comparison of costs Key findings and implications Registered social landlords (RSLs) across the country should monitor their rents in
More informationGetting Started With Your Local Housing Market Assessment. A Step by Step Guide
Getting Started With Your Local Housing Market Assessment A Step by Step Guide November 2014 2 Getting Started With Your Local Housing Market Assessment Contents Background and Introduction 4 Stage 1a:
More informationEarls Barton. Rural Housing Survey. Authors: A Miles & S Butterworth Date: October 2012
Earls Barton Rural Housing Survey Authors: A Miles & S Butterworth Date: October 2012 Swanspool House, Doddington Road, Wellingborough, Northamptonshire, NN8 1BP Tel: 01933 229777 DX 12865 www.wellingborough.gov.uk
More informationCurrent affordability and income
Current affordability and income 21.1 Introduction...1 21.2 The relationship between intermediate and private rented markets...2 21.3 Renting privately...3 Table 1: Lower quartile rent, required household
More informationBUSINESS PLAN Approved by PoLHA Board of Management 27/02/14. Limited Company: SC388989
BUSINESS PLAN 2014-2019 Approved by PoLHA Board of Management 27/02/14 Limited Company: SC388989 Windsor Place Contents 1. Executive Summary p4 2. Mission and Key Aims p5 3. Past, Present and Future p6
More informationMid Market Rent What is it and Who is it for?
Mid Market Rent What is it and Who is it for? Mid Market Rent: Housing needs and aspirations Context and MMR models What do current customers think? Wider public perception of MMR? Is there potential for
More informationUsing the ProVal Private Finance Module Version 9.09 to Appraise Schemes for Rent to Homebuy.
Using the ProVal Private Finance Module Version 9.09 to Appraise Schemes for Rent to Homebuy. In the current poor sales market a number of RSLs have been looking to appraise traditional shared ownership
More informationRECENT DEVELOPMENTS IN HOUSING FINANCE IN LITHUANIA
HOUSING AND URBAN DEVELOPMENT FOUNDATION RECENT DEVELOPMENTS IN HOUSING FINANCE IN LITHUANIA Eduardas Kazakevičius 1 SUMMARY! Macro environment conducive of housing finance development: GDP, prices, interest
More informationPKC Lets Opening Up the PRS to Low-Income Families
PKC Lets Opening Up the PRS to Low-Income Families Tuesday 13 th March 2012 Martin Smith Private Sector Access Manager The housing market PKC covers an area of 2,200 square miles Approx 33% of the population
More informationCROSS-COUNTRY HOUSING POLICY June 2016
Chartered Institute of Housing CROSS-COUNTRY HOUSING POLICY June 2016 This document has been produced by CIH policy staff across the UK to provide a basic summary of current housing law and policy on the
More informationBOURNEMOUTH/ POOLE HOUSING MARKET AREA
BOURNEMOUTH/ POOLE HOUSING MARKET AREA 2011 Strategic Housing Market Assessment Update Summary report for: Borough of Poole Council January 2012 in association with Cont ents Contents 1. Background...1
More informationCouncil 20 December Midlothian Strategic Housing Investment Plan 2017/ /22. Report by Eibhlin McHugh, Joint Director, Health & Social Care
Council 20 December 2016 Midlothian Strategic Housing Investment Plan 2017/18 2021/22 Report by Eibhlin McHugh, Joint Director, Health & Social Care 1 Purpose of Report This Report summarises the key points
More informationFindings: City of Johannesburg
Findings: City of Johannesburg What s inside High-level Market Overview Housing Performance Index Affordability and the Housing Gap Leveraging Equity Understanding Housing Markets in Johannesburg, South
More informationRent Increase 2018/19. Briefing Paper
Rent Increase 2018/19 Briefing Paper Consultation on Proposals January 2018 At this time of year we consult with our tenants on the rent increase proposal for implementation from April the following year.
More informationTenure blind development & flexi-tenure 3 November 2010
Tenure blind development & flexi-tenure 3 November 2010 Abigail Davies Head of Policy Today Talking terms Policy & financial context Some problems & ideas The future A quick trip to Wales Mixed tenure
More informationLocalism and the future of affordable home ownership. Cornwall Council. Louise Dwelly Strategic Affordable Housing Manager
Localism and the future of affordable home ownership Cornwall Council Louise Dwelly Strategic Affordable Housing Manager Service context in Cornwall Team based within Planning Service 18 staff including
More informationDRAFT FEASIBILITY REPORT CENTRAL HILL ESTATE LONDON BOROUGH OF LAMBETH
DRAFT FEASIBILITY REPORT For the Project At Prepared On Behalf Of LONDON BOROUGH OF LAMBETH Date: 6 th July 2016 Reference: 14/124 Central Hill Version 5 Version Control Version Date Author Page No(s)
More informationValue for Money. Self Assessment Summary 2017
Value for Money Self Assessment Summary 2017 Executive Summary Wythenshawe Community Housing Group Limited () was established in April 2013 when Parkway Green Housing Trust (PGHT) and Willow Park Housing
More informationThe cost of increasing social and affordable housing supply in New South Wales
The cost of increasing social and affordable housing supply in New South Wales Prepared for Shelter NSW Date December 2014 Prepared by Emilio Ferrer 0412 2512 701 eferrer@sphere.com.au 1 Contents 1 Background
More informationTel: Fax:
David Wakeford Drivas Jonas Deloitte Athene Place 66 Shoe Lane London EC4A 3BQ cc. GNDP 26 th August 2010 Dear David Updated Response to Greater Norwich Development Partnership Stakeholder and Public Consultation
More informationPrivate Rented Sector Priorities For London
National Landlords Association Private Rented Sector Priorities For London Richard Lambert Chief Executive Officer The Private Rented Sector Looking to the Future CIH London 28 June 2012 The National Landlords
More informationHousing Need and aspiration: the role of mid market rent A summary of research findings and points for consideration by the housing sector
Housing Need and aspiration: the role of mid market rent A summary of research findings and points for consideration by the housing sector Housing Need and aspiration: the role of mid market rent A summary
More informationLOCHABER HOUSING ASSOCIATION LTD. NEW SUPPLY SHARED EQUITY SCHEME MARKETING STRATEGY GLENLOCHVIEW, FORT WILLIAM
Background to the Association Lochaber Housing Association is a Scottish Charity (SCO 30951), a Friendly Society under the Industrial and Provident Societies Act 1965 (2289R) and a Registered Social Landlord
More informationThe introduction of the LHA cap to the social rented sector: impact on young people in Scotland
The introduction of the LHA cap to the social rented sector: impact on young people in Scotland Brought to you by the Chartered Institute of Housing Executive Summary About the research This research was
More informationViability and the Planning System: The Relationship between Economic Viability Testing, Land Values and Affordable Housing in London
Viability and the Planning System: The Relationship between Economic Viability Testing, Land Values and Affordable Housing in London Executive Summary & Key Findings A changed planning environment in which
More information820 First Street, NE, Suite 510, Washington, DC Tel: Fax:
820 First Street, NE, Suite 510, Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org March 16, 2004 HUD S RELIANCE ON RENT TRENDS FOR HIGH-END APARTMENTS TO CRITICIZE
More informationTenure Shift the shared ownership challenge
Tenure Shift the shared ownership challenge Delivering the programme CIH North West 26 th February (Liverpool) and 3 rd March (Manchester) savills.com Agenda 1 Introduction demand and supply 2 Post-CSR
More informationMaking sense of the Joint housing delivery plan Tony Cain
Making sense of the Joint housing delivery plan Tony Cain On the plus side It s genuinely strategic (or at least high level); It identifies a generally agreed set of priorities; It s well connected to
More informationBroker. Investment Real Estate. Chapter 15. Copyright Gold Coast Schools 1
Broker Chapter 15 Investment Real Estate Copyright Gold Coast Schools 1 Learning Objectives Matching an investor with the right property Evaluating the sites and improvements of income properties Determining
More informationAn innovative approach to addressing the housing crisis CIH Eastern Region Conference & Exhibition Master Class
An innovative approach to addressing the housing crisis CIH Eastern Region Conference & Exhibition Master Class 10 November 2015 Why do we need a new Affordable Housing option? Why do we need a new Affordable
More informationState of the Housing Market in Bristol 2013
State of the Housing Market in Bristol 2013 Housing Stock Bristol has 190,000 homes, and plans to increase this by around 13,000 by 2026. Currently 15% of stock is owned by the city council, 6% by housing
More informationAffordable Homes Service Plan 2016/17 and 2017/18
Report To: Housing Portfolio Holder 15 March 2017 Lead Officer: Director of Housing Purpose Affordable Homes Service Plan 2016/17 and 2017/18 1. To provide the Housing Portfolio Holder with an update on
More informationSales of intermediate housing
Sales of intermediate housing - 2009 Summary of issues...1 20.1 Introduction... 2 20.2 Intermediate Housing who has been housed... 2 Table 1: Shared ownership and OMHomeBuy sales, 2007/08...3 Fig 1: Total
More informationHousing Revenue Account Rent Setting Strategy 2019/ /22
Council 13 February, 2018 Housing Revenue Account Rent Setting Strategy 2019/20 2021/22 Report by Allister Short, Joint Director, Health and Social Care & Gary Fairley, Head of Finance and Integrated Service
More informationResidential Development Land: Supply Side Dynamics and Policy Implications
Residential Development Land: Supply Side Dynamics and Policy Implications Presentation to Northern Ireland NAMA Committee Professor Jim Berry Dr Martin Haran Monday 8 th September 2014 Research Contextualisation
More informationAsset & Liability Registers. 25 th February 2016
Asset & Liability Registers Jim Lashmar Director Altair Stephen Benson Consultant Altair 25 th February 2016 Background: Cosmopolitan failure Background Cosmopolitan Housing Group Cosmopolitan Housing
More informationTerms of Reference for the Regional Housing Affordability Strategy
Terms of Reference for the Regional Housing Affordability Strategy Prepared by: CRD Regional Planning Services September, 2001 Purpose The Capital Region is one of the most expensive housing markets in
More informationHousing Led Recovery? Investing in the future. Implications for housing providers.
Housing Led Recovery? Investing in the future. Implications for housing providers. Robert Grundy Savills CIH South East Conference 2013 savills.com Housing Led Recovery investing in the future The wider
More informationCity of Wolverhampton Council Housing Company
WV Living City of Wolverhampton Council Housing Company Wholly Owned Housing Company Development of the Business Case What is covered Outline the proposition to develop a Council owned housing company
More informationAn innovative approach to addressing the housing crisis. A new model for affordable housing
An innovative approach to addressing the housing crisis A new model for affordable housing April 2015 Why do we need a new affordable housing model? Housing sector background Nationally and locally, demand
More informationFrequently Asked Questions: The Social Housing Rent Settlement from 2015
Updated 15 November 2013 Frequently Asked Questions: The Social Housing Rent Settlement from 2015 1. Introduction Following the 2013 Spending Round announcement on the social housing rent settlement from
More informationHomes That Don t Cost The Earth A Consultation on Scotland s Sustainable Housing Strategy. Response from the Chartered Institute of Housing Scotland
Consultation response Homes That Don t Cost The Earth A Consultation on Scotland s Sustainable Housing Strategy Response from the Chartered Institute of Housing Scotland September 2012 www.cih.org/scotland
More informationRent setting Policy. Contents. Summary:
Rent setting Policy Summary: This policy sets out Genesis Housing Association s approach to rent setting and rent increases and decreases for all properties. The policy sets out how we will calculate and
More informationHousing Need in South Worcestershire. Malvern Hills District Council, Wychavon District Council and Worcester City Council. Final Report.
Housing Need in South Worcestershire Malvern Hills District Council, Wychavon District Council and Worcester City Council Final Report Main Contact: Michael Bullock Email: michael.bullock@arc4.co.uk Telephone:
More informationA Foot on the Ladder: Low Cost Home Ownership Assistance
A Foot on the Ladder: Low Cost Home Ownership Assistance REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 1048 Session 2005-2006 14 July 2006 The National Audit Office scrutinises public spending on behalf
More informationLOCHABER HOUSING ASSOCIATION LTD. LIFT NEW SUPPLY SHARED EQUITY (NSSE) SCHEME MARKETING STRATEGY - LOCHYSIDE COLUMBA COURT
Background to the Association Lochaber Housing Association is a Scottish Charity (SCO 30951), a Friendly Society under the Industrial and Provident Societies Act 1965 (2289R) and a Registered Social Landlord
More informationParagraph 47 National Planning Policy Framework. rpsgroup.com/uk
To boost significantly the supply of housing, local planning authorities should use their evidence base to ensure that their Local Plan meets the full, objectively assessed needs for market and affordable
More informationHousing. Neighbourhood Development Plan: section 2. Evidence Base document - fifth draft : 7 th Sept Contents
Dobwalls and Trewidland Neighbourhood Development Plan: section 2 Housing Evidence Base document - fifth draft : 7 th Sept 2018 Contents 1. Introduction 1.1 Purpose of this Evidence Base report 1.2 Themes
More informationEstimating Poverty Thresholds in San Francisco: An SPM- Style Approach
Estimating Poverty Thresholds in San Francisco: An SPM- Style Approach Lucas Manfield, Stanford University Christopher Wimer, Stanford University Working Paper 11-3 http://inequality.com July 2011 The
More informationFunding future homes: Executive summary and discussion
Funding future homes: Executive summary and discussion Funding future homes Executive summary and discussion questions When it comes to building new homes housing associations are navigating one of the
More informationANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter 2013 By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis
ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis Economic Overview Key economic factors in the first quarter
More informationNew policy for social housing rents
New policy for social housing rents 1. Introduction The Essex Review of affordable housing policy carried out in 2008 pointed to the unfairness of the current system of rent setting for both social landlords
More informationAN ECONOMIC, FISCAL AND CAPITAL ASSET IMPACT ANALYSIS OF THIRTEEN PROPOSED NEW DEVELOPMENTS ON THE TOWN OF DENTON, MARYLAND.
AN ECONOMIC, FISCAL AND CAPITAL ASSET IMPACT ANALYSIS OF THIRTEEN PROPOSED NEW DEVELOPMENTS ON THE TOWN OF DENTON, MARYLAND Prepared for The Denton Town Council Denton, Maryland by Dean D. Bellas, Ph.D.
More informationSTRATEGIC HOUSING INVESTMENT PLAN SUBMISSION. 16 October Report by the Service Director Regulatory Services EXECUTIVE COMMITTEE
STRATEGIC HOUSING INVESTMENT PLAN 2019-2024 SUBMISSION Report by the Service Director Regulatory Services EXECUTIVE COMMITTEE 16 October 2018 1 PURPOSE AND SUMMARY 1.1 This report seeks approval of the
More informationEast Riding Of Yorkshire Council
East Riding Of Yorkshire Council Affordable Housing Viability Assessment Analysis of increasing S106/CIL Contributions & the potential impact of Affordable Rent Tenures St Pauls House 23 Park Square South
More informationBetter homes, better lives. Report to tenants. Glasgow Housing Association How we performed in 2016/17
Better homes, better lives Report to tenants Glasgow Housing Association How we performed in Glasgow Housing Association How we performed in This is our report to tenants on how GHA has performed on the
More informationX. Xx. Evaluating requirements for market and affordable housing
X. Xx Evaluating requirements for market and affordable housing Evaluating requirements for market and affordable housing Professor Steve Wilcox Centre for Housing Policy University of York Professor Glen
More informationRent Setting Policy
Rent Setting Policy 2016-2017 Contents 1. Scope 2. Policy statement 3. Monitoring and evaluation 4. Conditions and exceptions to policy 5. Policy equality and diversity statement 6. Resident/Tenant involvement
More informationWorking with residents and communities to tackle ASB
Working with residents and communities to tackle ASB Baseline findings 2011 www.cih.org 1 Introduction Over the last two decades tackling anti-social behaviour (ASB) and its underlying causes has become
More informationDocument under Separate Cover Refer to LPS State of Housing
Document under Separate Cover Refer to LPS5-17 216 State of Housing Contents Housing in Halton 1 Overview The Housing Continuum Halton s Housing Model 3 216 Income & Housing Costs 216 Indicator of Housing
More informationScottish Social Housing Charter Performance 2017/18 November 2018
Scottish Social Housing Charter Performance 2017/18 November 2018 A report prepared by 2 Page Contents CHAPTER PAGE NO. 1 Introduction 4 2 Stock profile 4 3 Satisfaction 5 4 Housing quality and maintenance
More informationImpact Fee Nexus & Economic Feasibility Study
Impact Fee Nexus & Economic Feasibility Study Stakeholder Working Group November 12, 2015 Urban Economics Oakland Impact Fee Stakeholder Working Group November 12, 2015 INTRODUCTIONS 1 Agenda Introductions
More informationAffordable Housing Need in Scotland
Affordable Housing Need in Scotland Summary Report September 2015 Ryan Powell, Richard Duing, Ed Ferrari, Kim McKee Foreword There s a lot to do to make the Scottish housing market meet the needs and
More informationENGLISH RURAL HOUSING ASSOCIATION
ENGLISH RURAL HOUSING ASSOCIATION VALUE FOR MONEY STATEMENT 2015 ENGLISH RURAL HOUSING ASSOCIATION VALUE FOR MONEY STATEMENT 2015 Contents 1. What do we mean by Value for Money? 2. How do our assets perform,
More informationHigh Level Summary of Statistics Housing and Regeneration
High Level Summary of Statistics Housing and Regeneration Housing market... 2 Tenure... 2 New housing supply... 3 House prices... 5 Quality... 7 Dampness, condensation and the Scottish Housing Quality
More informationPROPOSED $100 MILLION FOR FAMILY AFFORDABLE HOUSING
PROPOSED $100 MILLION FOR FAMILY AFFORDABLE HOUSING We urgently need to invest in housing production An investment in housing production is urgently needed to address the lack of affordable housing. The
More informationEconomic Impact of Commercial Multi-Unit Residential Property Transactions in Toronto, Calgary and Vancouver,
Economic Impact of Commercial Multi-Unit Residential Property Transactions in Toronto, Calgary and Vancouver, 2006-2008 SEPTEMBER 2009 Economic Impact of Commercial Multi-Unit Residential Property Transactions
More informationROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING. Section 26 of the Constitution enshrines the right to housing as follows:
1 ROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING Constitution Section 26 of the Constitution enshrines the right to housing as follows: Everyone has the right to have access to adequate housing The
More informationAt Home in the Lake Region A Regional Housing Study
At Home in the Lake Region A Regional Housing Study March 16, 2015 November 2016 Agenda Market Analysis Housing Opportunities Directions Forward Presentation of the policies and programs necessary to achieve
More informationPrivate Housing (Tenancies) (Scotland) Bill. Written submission to the Infrastructure and Capital investment Committee
Private Housing (Tenancies) (Scotland) Bill Written submission to the Infrastructure and Capital investment Committee Background: The National Landlords Association (NLA) The National Landlords Association
More informationLANGSTANE HOUSING ASSOCIATION LTD BUSINESS PLAN REVISED APRIL 2016
LANGSTANE HOUSING ASSOCIATION LTD BUSINESS PLAN 2015 2018 REVISED APRIL 2016 CONTENTS Item Page Executive summary 3 Mission, Vision, Values 4 The Past and the Present 6 Internal Management Structure 9
More informationEconomic Significance of the Property Industry to the. WELLINGTON Economy PREPARED FOR PROPERTY COUNCIL NEW ZEALAND BY URBAN ECONOMICS
Economic Significance of the Property Industry to the WELLINGTON Economy PREPARED FOR PROPERTY COUNCIL NEW ZEALAND BY URBAN ECONOMICS 2016 ABOUT PROPERTY COUNCIL NEW ZEALAND Property Council New Zealand
More informationSector Scorecard. Proposed indicators for measuring efficiency within the sector have been developed for the following areas:
Registered Providers Working Group on Efficiency Sector Scorecard Proposed indicators for measuring efficiency within the sector have been developed for the following areas: A. Business Health B. Development
More informationMember consultation: Rent freedom
November 2016 Member consultation: Rent freedom The future of housing association rents Summary of key points: Housing associations are ambitious socially driven organisations currently exploring new ways
More informationMETREX Expert Group Affordable Housing
METREX Expert Group Affordable Housing METREX 125 West Regent Street GLASGOW G2 2SA Scotland UK T. +44 (0) 1292 317074 F. +44 (0) 1292 317074 secretariat@eurometrex.org http://www.eurometrex.org 1 METREX
More informationHOUSING FOR THE MANY: LABOUR S REVIEW OF SOCIAL HOUSING Call for evidence
Response from JustSpace (London) HOUSING FOR THE MANY: LABOUR S REVIEW OF SOCIAL HOUSING Call for evidence JustSpace.org.uk is a London network of community and activist organisations, some local and others
More informationNo place to live. A UNISON survey report into the impact of housing costs on London s public service workers
No place to live A UNISON survey report into the impact of housing costs on London s public service workers 1 FOREWORD Public services are critical to the London economy. Good transport and housing, quality
More informationEffective housing for people on low incomes in the Welsh Valleys
Summary Effective housing for people on low incomes in the Welsh Valleys This summary looks at policy and practice recommendations to address the housing challenges facing people on low incomes in the
More informationScottish Election 2007 Summary of Party Manifestos. Scottish Labour Party Election Manifesto 2007
Scottish Election 2007 Summary of Party Manifestos Scottish Labour Party Election Manifesto 2007 Housing Communities There is clearly an under supply of new homes. Through the National Planning Framework,
More informationCONTENTS FOREWORD 3 SECTION 1: INTRODUCTION, PURPOSE AND SUMMARY 4 SECTION 2: STRATEGY, CONSULTATION AND IMPACT ASSESSMENTS
1 CONTENTS Page FOREWORD 3 SECTION 1: INTRODUCTION, PURPOSE AND SUMMARY 4 SECTION 2: STRATEGY, CONSULTATION AND IMPACT ASSESSMENTS 6 SECTION 3: IDENTIFYING AND MEETING HOUSING NEEDS 9 SECTION 4: PRIORITISING
More informationClassify and describe basic forms of real estate investments.
LOS 43.a 2017 CFA Exam SS 15 Classify and describe basic forms of real estate investments. Card 1 of 52 LOS 43.a There are four basic forms of real estate investment; private equity (direct ownership),
More informationEnergy efficiency and condition standards in private rented housing. A Scotland s Energy Efficiency Programme Consultation
Energy efficiency and condition standards in private rented housing A Scotland s Energy Efficiency Programme Consultation April 2017 Ministerial Foreword The Scottish Government s vision is for a private
More informationWelsh Government Housing Policy Regulation
www.cymru.gov.uk Welsh Government Housing Policy Regulation Regulatory Opinion June 2016 The Welsh Ministers have powers under Part 1 of the Housing Act 1996 to regulate Registered Social Landlords in
More informationHOW CAN WE ENSURE SOCIAL HOUSING REMAINS AFFORDABLE? AN INTRODUCTION TO LIVING RENT
HOW CAN WE ENSURE SOCIAL HOUSING REMAINS AFFORDABLE? AN INTRODUCTION TO LIVING RENT IS AFFORDABILITY IMPORTANT? YES!!! KEY ISSUES IN OUR AREA Poverty levels 0 hour contracts Low paid jobs market Austerity
More informationLack of supporting evidence It is not accepted that there is evidence to support the requirement of Sec 56 (2) Housing Act 2004
DASH Services Response to Nottingham City Council s consultation on proposed designation for additional licensing under Section 56 of the Housing Act 2004 Introduction DASH Services operates the DASH Landlord
More informationNote on housing supply policies in draft London Plan Dec 2017 note by Duncan Bowie who agrees to it being published by Just Space
Note on housing supply policies in draft London Plan Dec 2017 note by Duncan Bowie who agrees to it being published by Just Space 1 Housing density and sustainable residential quality. The draft has amended
More informationManaging the impact of housing reforms in your area: Working towards the tenancy strategy
Managing the impact of housing reforms in your area: Working towards the tenancy strategy June 2011 Gill Leng With contributions from: Abigail Davies Lesley Healey Sue Beecroft Niki Hollingworth Cambridgeshire
More informationQueenstown Lakes District Council Housing Affordability Response
Queenstown Lakes District Council Housing Affordability Response LGNZ Housing 2030 Symposium 28 June 2018 Tony Avery, GM Planning and Development, Queenstown Lakes District Council Affordable housing problem
More informationFilling the Gaps: Active, Accessible, Diverse. Affordable and other housing markets in Johannesburg: September, 2012 DRAFT FOR REVIEW
Affordable Land and Housing Data Centre Understanding the dynamics that shape the affordable land and housing market in South Africa. Filling the Gaps: Affordable and other housing markets in Johannesburg:
More informationAffordably- Priced Housing
Affordably- Priced Housing Can the next generation afford to live in Chester County? Chester County Planning Commission This slide deck is an annotated version of one presented at the Chesco2020 Affordably-Priced
More informationSITKA COMMUNITY LAND TRUST HOME BUYER SELECTION POLICIES & PROCEDURES
SITKA COMMUNITY LAND TRUST HOME BUYER SELECTION POLICIES & PROCEDURES I. OVERVIEW This policy paper is intended to guide the development and implementation of both general and project-specific homebuyer
More informationHome Truths Fixing our broken housing market. Yorkshire and Humberside
Home Truths 2011 Fixing our broken housing market Yorkshire and Humberside HOME TRUTHS 2011 Fixing our broken housing market New signs of housing stress Economic recovery in Yorkshire and Humberside is
More informationRegistered office address
Briefing The Mayor s Housing Covenant: Homes for Contact: Team: Rhona Brown London Region Tel: 020 7067 1145 Email: rhona.brown@housing.org.uk Date: November 2012 Registered office address National Housing
More informationTASK 2 INITIAL REVIEW AND ANALYSIS U.S. 301/GALL BOULEVARD CORRIDOR FORM-BASED CODE
TASK 2 INITIAL REVIEW AND ANALYSIS U.S. 301/GALL BOULEVARD CORRIDOR FORM-BASED CODE INTRODUCTION Using the framework established by the U.S. 301/Gall Boulevard Corridor Regulating Plan (Regulating Plan),
More informationHK Monetary Policy and Housing Affordability
Workshop on Social Model, PolyU Hong Kong 29 Nov 2013 HK Monetary Policy and Housing Affordability by Dr Edward CY Yiu Associate Professor Dept of Geography and Resource Management, Chinese University
More informationEconomic Significance of the Property Industry to the. OTAGO Economy PREPARED FOR PROPERTY COUNCIL NEW ZEALAND BY URBAN ECONOMICS
Economic Significance of the Property Industry to the OTAGO Economy PREPARED FOR PROPERTY COUNCIL NEW ZEALAND BY URBAN ECONOMICS 2016 ABOUT PROPERTY COUNCIL NEW ZEALAND Property Council New Zealand is
More informationNSW Affordable Housing Guidelines. August 2012
August 2012 NSW AFFORDABLE HOUSING GUIDELINES TABLE OF CONTENTS 1.0 INTRODUCTION... 1 2.0 DEFINITION OF KEY TERMS... 1 3.0 APPLICATION OF GUIDELINES... 2 4.0 PRINCIPLES... 2 4.1 Relationships and partnerships...
More informationCommercial Real Estate Finance: Going Green. Dan Kastilahn Urban Habitat Chicago March 5, 2008
Commercial Real Estate Finance: Going Green Dan Kastilahn Urban Habitat Chicago March 5, 2008 1 Topics Traditional real estate finance in the capital markets Portfolio lenders Securitization (CMBS) Underwriting
More information