HOUSING MARKET RENEWAL

1
HOUSING MARKET RENEWAL

• URC Conference
• Leicester
• 19th September 2002

2
THE CHALLENGE

• Mixed tenure failing markets in
• Inner urban cores, - parts of all northern Core
  Cities and Birmingham
• Former industrial towns (Coalfields/textiles/shipb
  uilding etc)
• Parts of North East, North West, West Midlands,
  Yorkshire and Humberside
• Evidence from regional housing market studies

3
M62 Corridor and Yorkshire and the Humber areas
at risk of changing demand
4
.41
(2726)
ILD98 (Above expected)
0
to
11
.2
(7115)
0
to
0
(3788)
ILD98
1
.93
to
11
.20
(3787)
0
.10
to
1
.93
(2725)
0
.0001
to
0
.10
(603)
0
to
0
.0001
(3788)
West Midlands areas at risk of changing demand
5
THE CAUSES

• Industrial decline
• Changing housing aspirations and opportunities
• Population migration
• Limited housing choice - tenure, type, value
• Economic recovery regeneration impact

6
THE FEATURES

• Population loss key groups
• Low market activity and prices
• Growing private rented sector
• Abandonment and obsolescence
• Concentrations of deprivation
• Poor health, high crime, low educational
  attainment

7
HOUSING MARKET RENEWAL

• Strategies to restructure markets
• promote regeneration
• manage areas in transition
• Real market areas cross LA boundaries
• Drive by prospectus specific local strategies
  and delivery vehicles
• All affected regions and areas in North and West
  Midlands

8
HOUSING MARKET RENEWAL (2)

• Engage all public agencies and private sector
• Effective sub-regional and regional partnerships
• Align mainstream and regeneration programmes
  through LSPs
• Drives strategic planning/land-use framework

9
THE CASE TO GOVERNMENT

• Core Cities, Northern Housing Fora, National
  Housing Federation set out case for new Fund
• Long-term funding commitment, estimate 8bn over
  10-15 years
• Neighbourhood Renewal not achievable without
  restructuring markets
• DTLR Ministers supportive
• Discussion with Treasury for CSR 2003

10
STATUS QUO NOT AN OPTION

• Continued out migration
• Weak markets will fail
• Financial problems for some RSLs
• PSA targets hard to achieve

11
WHAT NEXT?

• Support case to Treasury/DTLR
• Develop inclusive strategic approach for
  different areas
• Develop cross-boundary partnerships