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Homes England names next strategic partners in £500m deals
Homes England has named its next wave of strategic partners, which will benefit from £500m in funding for affordable homes.
The associations to have agreed deals are: Bromford, Curo and Swan, Liverpool Mutual Homes and Torus, Longhurst Group and Nottingham Community Housing Association, Together, WHG, Yorkshire Housing, and Your Housing Group.
The associations will be given £497m to build an additional 11,000 new affordable homes across the UK.
The latest wave of associations takes the number of Homes England strategic partners to 23, with the government handing out more than £1.74bn to deliver an additional 39,000 new housing starts by 2022.
Under the strategic partnerships, housing associations are expected to provide at least 1,000 new homes by March 2022, increase housing starts by at least 25% and include some social rent.
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The new money was announced by housing secretary James Brokenshire at London First’s Building London Summit this morning.
Mr Brokenshire said: “Our £500m funding boost for housing associations will help housing associations build thousands of extra affordable homes – including properties for social rent.
“These measures are all part of our plans to deliver 300,000 homes a year by the mid-2020s.”
Commenting on the new strategic partnership deals, Sir Edward Lister, chair of Homes England, said the new ways of working would allow associations to use funding more flexibly.
Kate Henderson, chief executive of the National Housing Federation, said the latest deals represented an “innovative approach to building new affordable homes”.
She added: “Now, we will continue to work with the government and housing associations to explore new ways of collaborating to build more homes.”
The housing secretary also confirmed that Homes England had signed a new funding deal to facilitate the construction of new homes on the rooftops of London buildings.
The housing delivery body signed a £9m funding deal with Apex Airspace Development, which will build 78 rooftop homes on five sites across the capital before the summer. The five sites will be in Tooting, Wanstead, Walthamstow, Putney and Wallington.
A guide to strategic partnerships and the deals announced so far
Under strategic partnerships, housing associations agree to increase their development programmes by a specified number of homes in return for extra funding for the government.
Unlike some other government funding programmes, they can use the new funding flexibly across their development programme, determining the tenure of affordable homes closer to completion following negotiations with Homes England.
The following housing associations were confirmed as strategic partners on 30 January 2019:
| Housing association | Grant | No of additional starts to March 2022 |
|---|---|---|
| Bromford | £66.4m | 1,400 |
| Curo and Swan | £51.1m | 1,067 |
| Liverpool Mutual Homes and Torus | £66.4m | 1,757 |
| Longhurst and Nottingham Community Housing Association | £71.7m | 1,685 |
| Together Housing Group | £53m | 1,152 |
| WHG | £38.7m | 1,000 |
| Yorkshire Housing | £61.8m | 1,300 |
| Your Housing Group | £87.5m | 2,315 |
Homes England announced the following partnerships in October 2018:
| Housing association | Grant | No of additional starts to 31 March 2022 |
|---|---|---|
| Guinness/Stonewater | £224m | 4,500 |
| Optivo | £44.9m | 1,000 |
| Orbit | £128.8m | 2,762 |
| Platform Housing Group | £71.8m | 1,800 |
| Southern Housing Group | £55.1m | 1,005 |
| Thirteen | £40m | 1,000 |
| Vivid | £88.2m | 1,408 |
Table published by Homes England on 31 October 2018
Homes England also earlier this year confirmed the following partnerships:
| Housing association | Grant | No of additional affordable starts to 31 March 2022 |
|---|---|---|
| EMH Group | £30.5m | 748 |
| Great Places | £29.2m | 750 |
| Home Group | £85m | 2,300 |
| Hyde | £95.4m | 1,623 |
| L&Q | £85m | 1,724 |
| Matrix Partnership | £77m | 2,257 |
| Places for People | £74m | 2,603 |
| Sovereign/Liverty | £111.5m | 2,275 |
Table published by Homes England on 3 July 2018
