DELIVERING HOUSING IN CROYDON Case Studies SOUTH WEST LONDON HOUSING PARTNERSHIP CONFERENCE – JUNE 2014

CROYDON COUNCIL NEW BUILD Affordable Homes Sumner Gardens, Broad Green 100 homes completed since homes in the pipeline 100 homes in GLA Bid Funded by HRA, including RTB receipts & GLA Grant (Avoiding Double Subsidy)

Croydon Urban Regeneration Vehicle TABERNER HOUSE Joint venture with John Laing Finance includes Build to Rent Demolition Council offices and disposal of cleared site 420 new homes Ph 1: 230 PRS homes by Essential Living Ph 2: 127 homes for Flexible Sale by Places for People + 60 Affordable homes

FLEXIBILITY ON s106 Saffron Square and Island House Saffron Square 755 homes for private sale and rent by Berkeley Homes Affordable housing requirement reduced and deferred on condition of binding start on site and completion dates. Island House 182 homes for private sale by Regency Homes Affordable housing requirement reduced on condition of binding start on site and completion dates.

SUPPORTING FLEXIBLE TENURE Ruskin Square – Phase new homes (34 Affordable) by Stanhope Schroder & Places for People Finance Includes Get Britain Building Funding ‘Tenure Blind’ scheme with homes offered for sale, rent and part ownership Flexible Tenure model

BRIDGING FUNDING GAPS Lennard Lodge 26 Affordable Homes from ex NHS Building by Family Mosaic Supported by GLA Grant but RP had genuine FUNDING GAP Council bridges gap to enable scheme to be viable and 100% affordable units

WHAT’S NEXT ? MORE EMPHASIS ON AFFORDABILITY CROYDON INVESTMENT FUND FOR STRATEGIC SITES MORE JOINT VENTURES ON KEY SITES CPOs WHERE NECESSARY HOUSING ZONE BID WITH GLA WIDER ESTATE REGENERATION OPTIONS LOCAL AUTHORITY HOUSING COMPANY