Housing Delivery Update Growth & Regeneration Scrutiny Commission 14 September 2020
Housing Delivery Forecasts MMC/ Enabling Grant Land Major Bristol Goram /Section HRA Funding Release Projects Housing Homes 106 Festival
2017 Assumptions on how will the 800 Affordable Homes be delivered ? 800 380 420 We anticipated 48% Therefore 52% additional If 2000 homes p.a. are to be delivered Affordable Homes would delivered it is assumed 40% through Registered need to be delivered by (800) will be affordable Providers (RPs) other interventions Housing Delivery Routes Enabling Grant Land Major Goram /Section HRA Funding Release Projects Homes 106 3
COVID-19 has had a significant impact on Housing Delivery: 513 • RPs are forecasting a 6 month lag in delivery due to temporary site closures and capacity issues • Contractors are operating between 50 – 90% capacity • Build prices are increasing • Planning submissions and approvals have been delayed • Uncertainty about longer-term economic impacts 4
Current 2020/21 Forecast Trajectory 500 380 109 Revised target for Affordable homes Affordable homes affordable housing forecasted to be forecasted to be completions delivered through RPs delivered by HRA & other routes Housing Delivery Tools MMC/ Enabling Grant Land Major Bristol Goram /Section HRA Funding Release Projects Housing Homes 106 Festival 5 5
Affordable Housing Completion Scenarios 1400 1200 1000 800 600 400 200 0 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 (estimate) (estimate) (estimate) Legend Actual AH completions Forecasted AH completions (best case) Forecasted AH completions (weighted based on historical actuals vs target) Forecasted AH completions (theoretical projection escalating at 15% each year) 6
Housing Delivery Actions to meet housing targets Bristol Enabling Grant Land Major Housing Goram /Section HRA Funding Release Projects Festival/ Homes 106 MMC
Actions to meet housing targets (1/4) Enabling /Section 106 Grant Funding
Housing Delivery - Strategic Context Actions to meet housing targets (2/4) Land Release Major Projects
Housing Delivery - Strategic Context Actions to meet housing targets (3/4) HRA Bristol Housing Festival/ MMC
Housing Delivery - Strategic Context Actions to meet housing targets (4/4) Goram Homes
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