2011-15 Affordable Homes Programme summary: latest approved offers as at the end of September 2014

Introduction

The Homes and Communities Agency (HCA) is committed to transparency in relation to the programmes it funds, and at the same time is committed to providing information that is useful for key stakeholders. By publishing data on a regular basis we are also fulfilling the undertaking we made when we launched the Affordable Homes Programme and published the Framework Document in 2011.

The following information summarises approvedoffers from providers under the 2011-15 Affordable Homes Programme (AHP) that have been accepted by the HCAthrough its Investment Management Systemas at the end of September 2014. The previous update(published in August)presentedinformation on offers approved as at the end of June 2014. This update incorporates any changes to offers agreed by the HCA, as well as including any further offers accepted since this time. It should be noted that this is a snapshot of a changing programme taken at a single point in time.

Summary information is presentedfor Affordable Rent, Affordable Home Ownership, Homelessness Change, Empty Homes, Empty Homes Round 2, Traveller Pitch Funding and the Affordable Homes Guarantees Programme. Further analysesby Lead Provider and by HCA Minimum Geography areaare provided in accompanying spreadsheets, along with a list of all 2011-15 firm AHP schemes that have been agreed by the HCAand reached grant confirmation stage as at the end of September 2014.

The following offers have been accepted and confirmed in the HCA’s Investment Management System:

-for Affordable Rent and Affordable Home Ownership,143offers have been accepted;

-for Empty Homes, 76offers have been accepted;

-for Empty Homes Round 2,51 offers have been accepted(since the end of June 2014 four offers have been withdrawn)

-for Homelessness Change, 28offers have been accepted

-for Traveller Pitch Funding,37offers have been accepted; a further threeoffers are in the process ofbeing agreed with providers, the total value of which is estimated to be £0.7 million providing an estimated 51 new or improved pitches;

-for the Affordable Homes Guarantees Programme, 72 offers have been accepted; a further five offers are in the process of being agreed with providers, the total value of which is estimated to be £2.5 million providing an estimated76 homes.

Information on these programmes and allocations made is available on the HCA’s website at the address below.

(Note that this information excludes offers based in London which, since 1 April 2012, are the responsibility of the Greater London Authority).

The tables in sections 1 to 4 below relate to Affordable Rent and Affordable Home Ownershiponly. Other specialist programmes are presented in sections 5 to 9.

  1. Summary of 2011-15 Funding to date

Table 1: 2011-15 AHP funding by HCA OperatingArea (end of September 2014)

HCA Operating Area / Funding / Affordable Rent homes / Affordable Home Ownership homes / Total homes
East and South East / £221,929,741 / 12,036 / 3,853 / 15,889
Midlands / £291,362,262 / 13,061 / 2,642 / 15,703
North East, Y & H / £210,258,691 / 10,285 / 738 / 11,023
North West / £202,692,237 / 9,473 / 1,059 / 10,532
South and South West / £238,423,092 / 12,404 / 3,002 / 15,406
TOTAL / £1,164,666,023 / 57,259 / 11,294 / 68,553

Table 2: Average 2011-15 funding per home by HCA OperatingArea (end of September 2014)

HCA Operating Area / Affordable Rent / Affordable Home Ownership / All programme average
East and South East / £16,798 / £5,124 / £13,968
Midlands / £20,536 / £8,757 / £18,555
North East, Y & H / £19,620 / £11,467 / £19,075
North West / £20,001 / £12,489 / £19,245
South and South West / £17,261 / £8,103 / £15,476
TOTAL / £18,788 / £7,871 / £16,989

Table 3: Estimated number of conversions1in 2011-15 by HCA Operating Area, by type (end of September 2014)

HCA Operating Area / Conversions to
Affordable Rent / Affordable Home Ownership / Market Sale Development
East and South East / 18,030 / 158 / 801
Midlands / 12,203 / 232 / 796
North East, Y & H / 12,454 / 50 / 94
North West / 17,344 / 99 / 315
South and South West / 11,857 / 318 / 477
TOTAL / 71,888 / 857 / 2,483

1 estimated at initial offer stage

  1. Supplementary Information

The following tables provide further information relating to the 2011-15 AHP offers accepted as at the end of September 2014.

Table 4: Number of larger homes, rural homes and supported housing/homes for older people by HCA Operating Area (end of September 2014)

HCA Operating Area / Larger homes / % of homes / Rural homes / % of homes / Supported Housing homes1 / % of homes1
East and South East / 4,489 / 28.3% / 2,119 / 13.3% / 1,137 / 9.4%
Midlands / 4,887 / 31.1% / 1,547 / 9.9% / 2,096 / 16.0%
North East, Y & H / 3,299 / 29.9% / 938 / 8.5% / 2,460 / 23.9%
North West / 3,938 / 37.4% / 667 / 6.3% / 1,123 / 11.9%
South and South West / 4,772 / 31.0% / 2,660 / 17.3% / 1,358 / 10.9%
TOTAL / 21,385 / 31.2% / 7,931 / 11.6% / 8,174 / 14.3%

1 Affordable Rent only;includes older persons housing; in addition 969 Affordable Home Ownership homes are either supported housing or for older people

  1. Rents

Table 5: Average gross rents as a proportion of market rent (including service charges) by HCA Operating Area (end of September 2014)

HCA Operating Area / Average Rent (£/week) / Average Rent as a % of Market Rent
East and South East / £134 / 77%
Midlands / £107 / 79%
North East, Y & H / £97 / 79%
North West / £102 / 80%
South and South West / £123 / 78%
TOTAL / £114 / 79%
  1. 2011/12 Total Scheme Costs

Table 6: 2011-15 AHP total scheme costs (TSC) by HCA Operating Area (end of September 2014)

HCA Operating Area / TSC / Homes / TSC/home
East and South East / £2,546,350,025 / 15,889 / £160,259
Midlands / £1,943,944,786 / 15,703 / £123,794
North East, Y & H / £1,137,664,997 / 11,023 / £103,208
North West / £1,227,049,230 / 10,532 / £116,507
South and South West / £2,019,566,372 / 15,406 / £131,090
TOTAL / £8,874,575,410 / 68,553 / £129,456
  1. 2011-15 Empty Homes Funding

Table 7: 2011-15 Empty Homesfunding by HCA Operating Area (end ofSeptember 2014)

HCA Operating Area / Funding / Homes / £/home
East and South East / £7,120,422 / 486 / £14,651
Midlands / £6,416,191 / 471 / £13,622
North East, Y & H / £13,780,146 / 837 / £16,464
North West / £13,888,010 / 1,059 / £13,114
South and South West / £2,985,375 / 147 / £20,309
TOTAL / £44,190,144 / 3,000 / £14,730
  1. 2011-15 Empty Homes Round 2 Funding

Table 8: 2011-15 Empty HomesRound 2 funding by HCA Operating Area (end ofSeptember 2014)

HCA Operating Area / Funding / Homes / £/home
East and South East / £2,044,810 / 129 / £15,851
Midlands / £3,818,833 / 193 / £19,787
North East, Y & H / £11,969,643 / 502 / £23,844
North West / £2,086,055 / 76 / £27,448
South and South West / £5,888,655 / 154 / £38,238
TOTAL / £25,807,996 / 1,054 / £24,486
  1. 2011-15 Homelessness Change

Table 9: 2011-15 Homelessness Change funding by HCA Operating Area (end of September 2014)

HCA Operating Area / Funding / Homes / £/home
East and South East / £5,067,639 / 252 / £20,110
Midlands / £6,168,030 / 239 / £25,808
North East, Y & H / £4,202,405 / 112 / £37,521
North West / £6,637,296 / 275 / £24,136
South and South West / £6,869,993 / 270 / £25,444
TOTAL / £28,945,363 / 1,148 / £25,214
  1. 2011-15 Traveller Pitch Funding

Table 10: 2011-15 Traveller PitchFunding by HCA Operating Area (end of September 2014)

HCA Operating Area / Funding / Homes / £/home
East and South East / £4,634,949 / 73 / £63,492
Midlands / £11,332,022 / 177 / £64,023
North East, Y & H / £17,308,760 / 403 / £42,950
North West / £4,834,201 / 120 / £40,285
South and South West / £15,307,516 / 258 / £59,331
TOTAL / £53,417,448 / 1,031 / £51,811
  1. 2011-15 Affordable Homes Guarantees Programme

Table 10: 2011-15 Affordable Homes GuaranteesProgrammefunding by HCA Operating Area (end of September 2014)

HCA Operating Area / Funding / Affordable Rent homes / Affordable Home Ownership homes / Total homes
East and South East / £19,382,515 / 1,134 / 355 / 1,489
Midlands / £68,213,349 / 3,739 / 495 / 4,234
North East, Y & H / £48,009,249 / 2,307 / 184 / 2,491
North West / £68,535,354 / 3,405 / 378 / 3,783
South and South West / £36,760,369 / 2,016 / 539 / 2,555
TOTAL / £240,900,836 / 12,601 / 1,951 / 14,552