Strong communities with homes and jobs Role of HCA-I Gareth Blacker Head of Transactions Homes and Communities Agency

Strong communities with homes and jobs 1.HCA Key interventions 2.About HCA-I 3.Key programmes 4.Our role in the market

Strong communities with homes and jobs Affordable Homes AHP £4.872bn to deliver 335,000 affordable homes nationally Specialised housing programmes - Older and supported accommodation, hostels, homelessness etc. Land and local growth Hold a significant portfolio of land and economic assets 1 April – New land disposal role Engage with local partners, including City/Local Growth Deals, where appropriate Investment Large Sites Infrastructure Fund (£1bn) Builders Finance Fund (£525m) Help to Buy (£9.5bn) PRS/Affordable Housing guarantees (£10bn) Housing Zone (£200m) HCA Key Interventions

Strong communities with homes and jobs Built in-house capacity Ensuring that we have the right skills in place to deliver Government interventions – led to creation of HCA-I Result – a dedicated unit with staff from the banking sector, the property, surveying and planning professions alongside programme and project managers - combining financial disciplines with social outcomes  Strong appetite from the market –Most programmes heavily oversubscribed –Recent evidence of the schemes progressing without the need for government intervention About HCA-I

Strong communities with homes and jobs HCA-I Significant growth in programmes over the last two years Six new programmes launched last year Investment portfolio is £4bn and growing Two types of programme ‘Market failure’ where the market is partly or fully inactive ‘Market making’ to give confidence to new markets, eg PRS and Custom Build Ridgeway Road, Stoke on Trent

HCA-I programmes

Strong communities with homes and jobs Builders Finance Fund £525m for schemes of 5 to 250 homes What are we looking to fund? Funding Parameters Risk Appetite Pricing

Strong communities with homes and jobs Custom Build Serviced Plots £150m fund available for schemes of 5+ houses What are we looking to fund? Funding Parameters Pricing Trent Bathrooms, Stoke on Trent

Strong communities with homes and jobs Housing Zones 20 Housing Zones £200m available for sites in the housing zones Recoverable Investment 50% upfront infrastructure costs Hanley - city centre

Strong communities with homes and jobs Large Sites Infrastructure Fund Wood Wharf Contracted March 2015 £200 million investment 3,200 residential units 260,000sqm employment space creating 17,000 jobs Acceleration of overall development by up to 4 years

Our role in the market Making Development Finance Accessible Resolving barriers to market Stimulating market growth HCA-I Our objectives are supplemented by specific targets and policy aligned to each fund. We provide finance from local to national level and from SME’s to major developers Each objective is regularly assessed to ensure the specific targets are being hit or if a change in approach is needed