Assets & Opportunities Kate Davies Chief Executive Notting Hill Housing 5 July 2007

What do social tenants want? MORI survey March 2007

Situation at Notting Hill Billy – 10% Gertrude – 40% Sharon – 35% Giles – 15%

Tenants’ aspirations

London Property Prices Average London home costs £316, ,000 can’t buy, can’t rent (JRF study October 2005)

Housing supply 62,000 homeless 8,000 HC funded 11,000 sold 40,000 new London households formed annually 20,000 homes built a year

HomeOptions Desire to move and improve Money advice Life planning Explain options

RentPlus Disposable income - save or consume? Behave like an owner - save and maintain Accumulate lump sum plus interest Bonus for keeping home in good condition

10 per cent Shares Shared ownership is no longer Low Cost £200,000 flat  50% share - £29,000 p.a.  25% share - £24,000 p.a.  10% share - £20,000 p.a.

Social HomeBuy Article in tenant's magazine generated 1800 enquiries 350 desk top valuations Reinvest in new homes Affordable on £20,000 salary 16 homes sold – more than any other RSL

Stylish, well designed city apartments Great value - £150,000 First-time buyers, younger people and down-sizers Affordable City Living

Kerrington Court 24 one and two beds in Shepherds Bush Rolling ASTs Social rents Additional contract of rights and responsibilities  Rents, repairs, behaviour, finances  Family, volunteering, work, training

Deregulation Tenure reform Rent reform Landlords offer a range of products at different price points

Love Where You Live Treat customers as individuals Learn from supported housing Be open and flexible (not ideological) Social mobility not social exclusion

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