New Build Briefing Chris Munby Assets and Development Manager Steve - PowerPoint PPT Presentation

Nov 10, 2022 •7 likes •217 views

New Build Briefing Chris Munby Assets and Development Manager Steve Leonard Head of Assets and Development The Team Steve Head of Assets & Development Chris Assets & Development Manager Mike, Nicola & Emma

New Build Briefing Chris Munby – Assets and Development Manager Steve Leonard – Head of Assets and Development
The Team • Steve – Head of Assets & Development • Chris – Assets & Development Manager • Mike, Nicola & Emma – Development Officers • Amanda – Home Sales Advisor
The Development Process • Land – privately owned and owned by the Council. • Deciding mix and tenure. • Procurement of contractors and consultants. • Planning and public consultation. • Delivery. • Sales and Letting. • Ownership - both SHL & the Council (HRA).
Funding New Build • Grant funding provided by Homes and Communities Agency. • Remaining borrowing comes from Council. • Rents & sales receipts repay the loan. • Management and maintenance and major repairs allowances are built into the financial model.
Achievements to date • Built or acquired 315 new homes: • Built; 163 new homes for rent. 67 new homes for shared ownership. • Acquired; 52 homes via Mortgage Rescue. 27 empty properties. 6 buy backs. • Enabled by securing £13m of capital grant from HCA.
Fir Tree, Reddish
Turves Rd. Cheadle Hulme
Essex Rd. Brinnington
Prospect House, Cheadle Hulme
Berlin Rd. Edgeley
Currently on site • 264 units currently on site; 136 new homes for rent. 128 new homes for shared ownership. • Includes new homes via S106 agreements. • Enabled by securing £4.8m capital grant from HCA.
Charles St. Heaviley
Cherry Tree Hospital, Offerton
Off site manufacture – Cross Keys, Adswood
New sites for 2016-18 • Have secured £5.4m in capital grant to deliver; • 116 new homes for rent. • 91 new homes for shared ownership. • 10 new homes – L&D • S106 sites - various
Lapwing Lane, Brinnington
St. Thomas’ Hospital, Shaw Heath
Edwin St. Little Moor
Beyond 2018 • Funding bid submitted for 420 units for Shared Ownership (2018-21). • No funding available from HCA for rent. • Therefore looking at market rent and outright sale to subsidise new affordable rent units. • Stockport Council Housing Company.
Summary • The Development Process • New Build Funding • The Development Programme; • Complete • On site • 2016-2018 • The Future; • Drive towards Shared Ownership • Market Rent & Outright Sale to cross subsidise Affordable rent.
Any questions?

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