Government driven Welfare reform At what cost

CHA average rent 2 bed flat £67 pw loss for one bed under /occ. £12 saving for government HB bill £626 Nice one George

Problem solved meet private landlord One bed flat £92 (within lha) £ 25 more than CHA rent Increased eligible cost £1305 plus loss of predicted saving £626 Total cost to treasury £1931 David what’s going on

Julian Ashby chair (HCA) regulation committee Board responsibility: TSA keen to promote (VFM) but don't think it’s their role to tell people how to do it. For each organisation to work through itself led by its board and executives. Primary issue: On average around two thirds of tenants have their rents supported by housing benefit. So taxpayer interest in VFM is legitimate. But the issue isn't primarily about saving money, it is about future investment in new homes and a range of related services.

Bigger picture: Housing associations turn over £12bn per year. A 1% efficiency saving yields a useful sum but not enough to build many homes. The open market value of social housing is around £250bn. Unlocking 1% of this value would build a great many homes.efficiency That is why the draft VFM standard suggests that providers should understand the return on their assets and develop a strategy for maximising the future return as measured against their own social objectives

What do we have to do? Run efficient businesses Demonstrate our assets work for us Prove tenants support this Capture the value of our work in real terms

What do tenants want? Should we sell popular most valuable stock? What could we buy? Less popular homes in areas of decline social housing ghettos Would we even get 2 for 1? Should we invest in existing stock and people? Financial inclusion energy efficiency

Capture the value of our work in real terms Do you agree that: We have a strong commitment to vulnerable people in terms of those that we house? We believe the work we do keeps these people sustainable in their tenancy?

Capture the value of our work in real terms Do you agree that: Without your work the same vulnerable people would depend more heavily on other public sector resources such as health, probation, social services?

Capture the value of our work in real terms Do you: Have a record of the cost benefit to the public purse of the sustainable tenancies you maintain as a landlord? Do you publish this to your tenants or to external bodies?

More questions than answers Community Housing Associations NW CHA NW NHF standing group feeding into national group Re named – (dropped small) Looking at SROI

SROI Social return on investment The evidence of what your pound delivers Financial 2 to 1 Social - Environmental savings to other services benefits to individual

Next steps – try to find answers Work through SROI Look to doing this across small providers nationally Involve Skills & Projects Produce our own case studies Share them with press, NHF, local and national politicians