Have Housing Associations lost their social purpose and how are they improving the lives of people in Hertfordshire?

Introduction Joined Sage Housing as Interim Chief Executive Officer in April 2019 Previously Chief Executive of Catalyst Housing Group Oversaw the growth of Catalyst from a 2,000-home housing association to a Group with over 30,000 affordable homes Chaired Action West London, the Innisfree Housing Association and the G15

An introduction to Sage Housing Sage is a Registered Provider investing in affordable housing in Hertfordshire and across England Sage works with the most experienced housebuilders to deliver new affordable homes through Section 106 agreements Committed to providing high quality, resident focused services and working with Places for People, a leading manager of affordable homes across England Management targets require top quartile performance in all areas, including customer service. We provide affordable housing across a range of tenures We are fully regulated by the Regulator for Social Housing

Sage’s business is affordable housing Pipeline of 8,200 S106 homes secured Affordable rent and shared ownership split*: 35% Affordable rent 65% Shared Ownership Average first tranche sale of 40% (25% London) Average gross rent £141 per week Average OMV of shared ownership homes £257,000 * Accurate as of 30 April 2019

Our achievements In Hertfordshire We are working with Weston Homes, Kier, Persimmon and Taylor Wimpey We have exchanged on over 100 homes and have over 250 more in the pipeline. Delivering new affordable homes and services of the highest quality for residents. Main activity areas for Sage over the last 12 months

Stable funding with social purpose Our funding comes from long-term stable investors seeking long-term stable returns. We are the first organisation which is channelling significant institutional funding into the sector. Our social purpose is the ability to make this funding work to the benefit of those in housing need, which will play a part in helping to solve the housing crisis.

Building Sage An almost unique opportunity to establish a new business in the sector from scratch. By prioritising customer experience, organisational flexibility and the speed of delivery, we have been able to design out inefficiencies from the outset.

Where next? Sustaining the provision of new homes. We aim to become one of England’s leading providers of affordable housing. We aim to secure consent to work with more than 150 local authorities. We will continue to secure funding to partner with housebuilders to provide social and affordable housing, in perpetuity, on their developments. We will ensure our growth plan is delivered in a fiscally responsible manner.