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Names of new housing association strategic partners revealed
Homes England has released the names of the eight housing associations that have just signed strategic partnerships with the government.
Platform Housing Group, Optivo, Southern Housing Group, Orbit, Thirteen, Vivid and a partnership of Guinness Partnership and Stonewater collectively received £653m in funding from the Affordable Homes Programme.
The allocations (see full details in box below) were announced yesterday by Philip Hammond when he presented his Autumn Budget to parliament, saying that the partnerships would deliver an additional 13,475 affordable homes by March 2022.
Although Mr Hammond announced that there would be partnerships with nine housing associations, Fortis Living and Waterloo Housing Group, which applied in their own rights, have recently merged to form Platform.
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According to Homes England, the additional properties will include homes for social rent in “areas of high affordability pressures”.
The associations are those which applied for the first wave of allocations under Homes England’s programme of strategic partnerships, but were not chosen, and some that came forward since then.
Optivo secured £44.9m to build 1,000 homes outside London by March 2022.
Paul Hackett, chief executive, added: “This is the final bit in the jigsaw for us for public funding. We’ve got allocations now for 4,600 homes to March 2022. That’s a £195.5m allocation.
“It’s worked for us. It’s all about additionality. We’re very much about using the strategic partnership as a platform to deliver additionality. The important thing for us is we’ve now grant-backed our entire affordable housing to 2022, which has never happened before.”
The rest of Optivo’s allocation was from the Greater London Authority, so these 1,000 homes will be the only grant-funded homes the association will build outside the capital.
Mark Perry, chief executive of Vivid, said: “We’re pleased to be one of nine housing associations in the next wave of strategic partnerships with Homes England announced in today’s Autumn Budget.
“This brings £88.2m of funding to support the building of much-needed new homes for social rent and low-cost homeownership in Hampshire. This reinforces our approach to land-led development and will accelerate the rate of building new homes.”
The funds allocated in this round (see allocations below) follow the £590m allocated to eight strategic partnerships with housing associations in July.
Homes England revealed in August various criteria housing associations would have to sign up to in order to enter the second wave of its allocations.
This, however, is still part of the first wave of allocations.
Update: at 3pm on 31.10.18
This article was updated to include following confirmation of the allocations to each association
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
Autumn Budget 2018 - full coverage
All our Autumn Budget 2018 coverage in one place:
The Autumn Budget lacked the ambition we need Philip Hammond’s Budget fell short for housing, writes Melanie Rees
There were no big fireworks but the Budget offers an opportunity to deliver The Budget leaves associations facing a choice and we must now deliver, argues David Montague
Names of new housing association strategic partnerships revealed Homes England has released the names of the eight housing associations that have just signed strategic partnerships with the government.
Budget a missed opportunity on housing, says NHF Reaction to the Autumn Budget from several organisations, including the National Housing Federation
Budget small print reveals significant announcements for housing Housing policies contained in the Autumn Budget and background documents published yesterday will have a large impact, if they actually go ahead, writes Jules Birch
Hammond’s extra Universal Credit cash is welcome – but we need homelessness specialists in Job Centres too The Autumn Budget must not become a missed opportunity to put in place measures to prevent homelessness, argues Ruth Jacob of Crisis
Hammond announces extra funding for Universal Credit: Philip Hammond has announced plans to pump more money into Universal Credit in the Autumn Budget today.
Help to Buy equity loan scheme extended to 2023 for first time buyers:The Help to Buy equity loan scheme will be extended two years to 2023 for first time buyers only, with new price caps set for each English region.
Housing Live - the Autumn Budget 2018 as it happened: Live-blogging from Jules Birch reveals how the Autumn Budget unfolded and what it means for housing
OBR: scrapping council borrowing cap will deliver only 9,000 new homes: Scrapping the borrowing cap will deliver only 9,000 new homes over the next five years, the Office for Budget Responsibility (OBR) has said.
Letwin: builders of large sites must accept more ’diversity’ of tenure: Builders should be required to accept suggested levels of affordable housing for large sites in order to receive government support, including Help to Buy, a major review of housebuilding has concluded.
Chancellor announces strategic partnerships with nine housing associations: Nine housing associations have signed new strategic partnerships with the government to deliver over 13,000 homes, Philip Hammond has announced.
Stamp duty scrapped for buyers of shared ownership homes worth up to £500,000: Stamp duty will be scrapped for first-time buyers of homes for shared ownership, the chancellor has announced.
Autumn Budget 2018 - the key housing policies at-a-glance
- £1bn to help fund the implementation of Universal Credit over the next five years
- £500m in Housing Infrastructure Fund to unlock a further 650,000 homes
- The next wave of strategic partnerships with nine housing associations, which will deliver 13,000 homes
- British business bank guarantees for SME house builders
- ‘Simplification’ of process to convert commercial properties to new homes
- Providing funding to empower 500 neighbourhoods to allocate homes to local people in perpetuity
- Help to Buy equity loan scheme extended by two years to 2023 and limited to first-time buyers
- Retrospective inclusion of first-time buyers of shared ownership in stamp duty relief
