The HCA: What does it stand for

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The HCA What does it stand for?

• Ringo Sandhu

Investment Manager East Midlands Region
Date 19th May 2009
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Who?

• Newly created single national housing and
  regeneration agency for England

• Investment functions
• Housing Corporation
• English Partnerships
• Academy Sustainable Communities
• Delivery functions of Communities and Local
  Government
• Growth, Thames Gateway delivery, Housing Market
  Renewal and Decent Homes, Places of Change and
  Gypsies and Travellers funding.

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The Homes and Communities Agency

• Our vision
• To create opportunity
• For people to live in homes they can afford in
  places they want to live
• For local authorities and communities to deliver
  the ambition they have for their own areas
• A national agency that works locally

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What we do

• Growth
• Delivery of large scale developments in strategic
  locations
• Affordability
• Delivery of affordable homes with our development
  partners and private developers
• Renewal
• Rejuvenating failing estates and removing the
  blight of dereliction
• Sustainability
• Ensure delivery is economically, socially and
  environmentally sustainable with good design

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Property and Regeneration 1.7bn
HCA funding
Decent Homes 2.6bn
National Affordable Housing Programme 8.4bn
Gypsies and Travellers 0.1bn
Growth funding 1.1bn
Thames Gateway 0.4bn
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Responding to the Market Downturn What has
Already Been Agreed

• 1.2bn brought forward to invest in housing and
  regeneration
• Introduction of Clearing House Scheme 608
  market sale properties purchased already in East
  Midlands
• Homebuy Direct covering 2300 homes in East
  Midlands Midlands
• Mortgage rescue
• Work with RDAs on priority regeneration projects
• Tailored programmes for individual housing
  associations

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Responding to the Market Downturn April 09
Budget Announcements

• Kickstart housing (400m)
• Development finance to housing schemes with
  planning consent where high debt or cashflow are
  preventing completion
• Challenge Fund (100m)
• Local authorities who wish to develop new
  properties
• Green stimulus
• Additional Decent Homes Housing for cavity wall
  insulation (85m)
• Funding for low-carbon community heating schemes
  (21m)

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Link between housing and economic regeneration

• 3m investment 58 homes plus
• 166,000 - Labour/Groundworkers/Bricklayers
• 84,750 - Aluminium Fascia
• 49,000 - Plant machinery
• 21,000 - Boundary Wall
• 14,500 - Aggregates
• 100,000 - Superstructure Stone
• 19,000 - Readymix Mortar
• 8,500 - Pre-cast Concrete Drainage
• 20-40,000 - Building Supplies
• and 224 persons housed

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How the Single Conversation looks
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Capturing the Urban Offer - Actions
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Benefits of Single Conversation

• Investment strategies tailored to the needs of
  places, rather than developing them on a one size
  fits all basis
• Underpinned by mutually shared and agreed
  priorities based on local ambitions
• National programmes are delivered in ways which
  work effectively in different local contexts
• Funding from a variety of public and private
  sources are linked to achieve maximum impact

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Single Conversation Guidance
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homesandcommunities.co.uk