Under 35’s Kent Housing Group 01/02/2017

Our current position Commitment to provide housing to under 35’s 132 under 35’s on HB potentially affected within our stock We are currently still letting to under 35’s

Financial Reality 1 Bed Flat - £110.67pw Shared room - £65.66pw Shortfall – £45.01pw Figures for Medway

Our approach Provide shared accommodation Convert existing stock Purpose buy for conversion Stop letting to under 35’s other than on shared basis from 01/04/17 Mitigation program for existing customers

Shared Accommodation Considerations Tenancy not license 3 or 4 Bed House would require extensive housing mgt 5 bed or more become a HMO White Goods, Carpets, Door Locks, Fire Alarms etc. Conversion costs (est. £5k) 3 rent accounts not 1 Increased Asset costs Sole gender/age or mixed?

Shared Accommodation Solution 2 Bed Flat conversions Pepper potted Customer involvement in choosing housemates Kent Homechoice Shared Utilities responsibility Establish a sub brand

Existing Customers Matching events to link customers Initially 2 out of 3 will be existing customers Priority move above new customers for all existing customers