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Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215048691
Category : Public housing
Languages : en
Pages : 40
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Book Description
In December 2010, the government announced the Affordable Homes Programme, under which there is £1.8 billion capital funding in government grants to social housing providers. The Department for Communities and Local Government has overall responsibility for the Programme, which is delivered by the Homes and Communities Agency. The Department expects the Programme to support the provision of approximately 80,000 homes in the four years from April 2011 to March 2015. Through negotiation the Agency reduced the average grant per home to £20,000; a third of that under the previous programme. The reduction in the grant paid to providers for each home will be funded in part by housing providers being able to charge higher rents to tenants, leading to an estimated £1.4 billion increase in housing benefit payments over 30 years. The Programme therefore shifts cost from one department to another. On the one hand more of the new housing, may be taken up by people on higher incomes so that the programme fails to meet the most pressing housing need. At the same time, the poorest tenants may be unable to afford the higher rents. Those who receive higher benefits may in turn find it even harder to find employment that pays enough and so there will be more people who are more likely to be locked into benefit dependency. Delivery of the new homes is heavily skewed towards the end of the Programme, with many due to be built in the final year on sites which are not yet confirmed. This leaves very little room for slippage
Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215048691
Category : Public housing
Languages : en
Pages : 40
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Book Description
In December 2010, the government announced the Affordable Homes Programme, under which there is £1.8 billion capital funding in government grants to social housing providers. The Department for Communities and Local Government has overall responsibility for the Programme, which is delivered by the Homes and Communities Agency. The Department expects the Programme to support the provision of approximately 80,000 homes in the four years from April 2011 to March 2015. Through negotiation the Agency reduced the average grant per home to £20,000; a third of that under the previous programme. The reduction in the grant paid to providers for each home will be funded in part by housing providers being able to charge higher rents to tenants, leading to an estimated £1.4 billion increase in housing benefit payments over 30 years. The Programme therefore shifts cost from one department to another. On the one hand more of the new housing, may be taken up by people on higher incomes so that the programme fails to meet the most pressing housing need. At the same time, the poorest tenants may be unable to afford the higher rents. Those who receive higher benefits may in turn find it even harder to find employment that pays enough and so there will be more people who are more likely to be locked into benefit dependency. Delivery of the new homes is heavily skewed towards the end of the Programme, with many due to be built in the final year on sites which are not yet confirmed. This leaves very little room for slippage
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102977196
Category : Social Science
Languages : en
Pages : 40
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Book Description
The Affordable Homes Programme is aimed at delivering below market price housing. The development of the new funding model for affordable rent and home ownership was led by the Department for Communities and Local Government and the Homes and Communities Agency. The new Programme will be delivered by housing associations, local authorities and other housing providers, who were able to bid for Programme funding during 2011. The new model means the Department pays less grant per home than under previous schemes (£20,000 compared with £60,000 under the previous programme), while housing providers borrow more and can charge higher rents. The new scheme represents a reduction of 60 per cent in average annual spending on affordable homes over the four years of the Programme from 2011-12 to 2014-15, when compared to the three years up to March 2011. The Programme will increase providers' financial exposure, with the sector facing challenges in securing bank financing for capital investment and over the cost of supporting both future and existing debt. Providers have committed themselves to building some 80,000 homes for the £1.8 billion of government investment, compared to the initial target of 56,000. However, key risks remain. Nearly a fifth of contracts with housing providers remain to be signed; more than half of the planned homes are not currently due to be delivered until the final year of the Programme; and some providers are concerned that they may not be able to charge rents at the levels they originally agreed with the Programme.
Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101853422
Category : Political Science
Languages : en
Pages : 40
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Book Description
Dated January 2013. The reports published as HC 104 (ISBN 9780215047670), HC 288 (ISBN 9780215047632), HC 532 (ISBN 9780215048684), HC 388 (ISBN 9780215048691), HC 103 (ISBN 9780215048653); HC 389 (ISBN 9780215049704)
Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee
Publisher: The Stationery Office
ISBN: 9780215061768
Category : Architecture
Languages : en
Pages : 100
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Book Description
Despite acknowledging that a 'handful' of providers give him concern, the Regulator is reluctant to give them lower financial viability ratings, fearing that doing so might trigger an upward re-pricing of their debt. Instead, the Regulator uses governance ratings to signal concerns about financial viability. This practice lacks openness and should stop and accurate financial viability ratings should be published. The fear of triggering a re-pricing also prevents the Regulator from using many of his statutory powers, preferring to adopt informal approaches instead. This lacks transparency and risks too close a relationship developing between the Regulator and providers. The devolved administrations' housing regulators, not to mention regulators in other sectors, must encounter similar dilemmas. The Regulator should work with them to see how they have addressed his concern that the use of statutory powers could prove counter-productive. The Committee's concerns are underlined by the case of Cosmopolitan Housing Group, which came close to insolvency in 2012. The Regulator only lowered its financial viability rating for Cosmopolitan in December 2012, despite the fact that he had been monitoring the situation for months and the possibility of insolvency had been raised in the media two months previously. The report also raises concerns about how effectively the Regulator is discharging his remit for consumer regulation. Noting that of 111 complaints related to consumer standards referred to the Regulator no case of serious consumer detriment was found, the Report calls for an annual external check to be carried out to provide assurance that the Regulator is discharging his duties effectively
Author:
Publisher: DIANE Publishing
ISBN: 9781422323359
Category :
Languages : en
Pages : 86
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264093176
Category :
Languages : en
Pages : 171
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Book Description
OECD's 2011 periodic review of New Zealand's economy. This edition includes chapters covering sustainable growth, rebalancing housing markets, product market regulation, and green growth and climate change policies.
Author: Keith Jacobs
Publisher: Edward Elgar Publishing
ISBN: 1800375972
Category : Social Science
Languages : en
Pages : 639
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Book Description
This dynamic Research Handbook explores key perspectives, topics and methodologies used to understand housing, the home and society. Pairing social theory with a broad range of case studies from the Global North and South, it offers a unique insight into the field.
Author: Peter King
Publisher: Routledge
ISBN: 1134563957
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
This book discusses housing finance in political terms, thus providing a thorough analysis of the mechanisms and principles which are at the heart of current policies, and an understanding of the processes within housing finance.
Author: United States. Congress. House. Committee on Government Reform. Subcommittee on Federalism and the Census
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 88
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Book Description
Author: David Cowan
Publisher: Taylor & Francis
ISBN: 1000448134
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
Drawing upon Foucauldian analyzes of governmentality, the authors contend that social housing must be understood according to a range of political rationalities that saturate current practice and policy. They critically address the practice of dividing social from private tenure; situating subjects such as the purpose and financing of social housing, the regulation of its providers and occupiers and its relationship to changing perceptions of private renting and owner-occupation, within the context of an argument that all housing tenures form part of an understanding of social housing. They also take up the ways in which social housing is regulated through the invocation and manipulation of obscure notions of housing ‘need’ and ‘affordability’, and finally, they consider how social housing has provided a focus for debates about sustainable communities and for concerns about anti-social behaviour. Regulating Social Housing provides a rich and insightful analysis that will be of value to legal scholars, criminologists and other social scientists with interests in housing, urban studies and contemporary forms of regulation.
