1. Diminishing Partnership Housing by: ex Cllr Bill Powell bill@vts16.fastmail.net www.fairshares.plus.com/fair-housing Housing Portfolio (2005 to 2007) North Warwickshire Borough Council.

4. ‘Free Land’ for Housing? R = Social Rent (subsidised) Discounts should be ‘in perpetuity’?? M = Open Market (mortgage)

5. Affordability: Current Menu at 30% of Income House £100,000 Income p.a. Required Affordability Relative % £ Weekly payment £ Weekly including Maintenance Mortgage 28 year £ 23,600Reference£ 136£ 164 ‘Shared Ownership’ £ 16,50070£ 95£ 123 Open Market Rent £ 16,50070£ 95 RSL Rent £ 11,60050£ 67 NWBC Rent £ 9,00038£ 52

6. Affordability: Land Trust Menu at 30% of Income House £100,000 Income p.a. Required Affordability Relative % £ Weekly payment £ Weekly including Maintenance Mortgage 28 year £ 23,600Reference£ 136£ 164 Co-Rent & Buy 28 yr £ 18,60080£ 107£ 135 Co-Rent £ 12,20052£ 70 Social Co-Rent £ 9,20040£ 53

7. UK Housing in CRISIS Elderly living longer Divorce Late marriage Prices up 38% in one year Low / Variable interest rates Fewest built since WW2 (1945) First time buyers can’t afford NEED = 100,000 more homes p.a.?

8. Snapshot of ‘HAVE’s vs. ‘HAVE NOT’s Engineer PhD Nurse Pension £

9. No Hope  LOW INCOME Nurses Firemen Teachers  IRREGULAR INCOME Waiters Fruit Pickers Musicians RENT POVERTY

10. The ‘Missing Middle’

11. Purchase by Mortgage

12. Winners Small Mortgage BIG Mortgage FREE Housing BORROW World Cruise!

13. Losers  WAGE LOSS Ill Health Job Loss  PARENTHOOD  DIVORCE  INCREASE % interest rate HOME REPOSSESSED

14. £ £ £ ££ 365 Units 1 Unit Bought Rent Rent Investor Partnership – Year 1

15. £ £ £ 1 Unit Bought Rent 365 Units Rent Investor Partnership – Year 27 £ £

16. Mrs JONES  ‘Career Break’ Parent: for 5 Years Miss JONES  Student Nurse In training: RENTS Trained: BUYS 8 units p.a. Mr & Mrs JONES  Retire with 365 units. SELL: 16 units p.a. Flexibility

17. Purchase in Partnership

18. Social Units Rent Free ‘Never’ Sold +Maintenance Charge ‘Affordable’ Rent = £ 231 per month Income Required = £9,263 p.a. Social Housing in Partnership

19. Free Land?? Savers & Occupiers in Partnership e Other LHPs Mutual Housing Co-op

20. Key Elements  Buy & Sell Units  Indexed Values  Financial Partner  Mortgage not required  Low Deposit  Co-Ownership AND  Community Land Trust  Single Tenure Staircase UP & DOWN Shared risk & reward Equity NOT Loan no Credit Hurdle Start out Renting Shared Commitment Holds Community Interest for Rent, Buy, and Sell.

27. Who's who? Pat Conaty & Rosemary Foggitt ( Common Futures) David Rodgers (Co-operative Development Assn) Bob Paterson (Salford Uni + govt. pilots) Toby Lloyd (Researcher) Carl Taylor (Redditch Homes) Chris Cook (Limited Liability Partnerships) Adrian Moran (Housing Corporation) Jock Coates (Oxfordshire CLT) David Murray (Wolverhampton CLT) Charles Barlow (Warks Rural Community Council) David Seviour (ex Leicester Housing Assn) Tarek El Diwani (Ansar Finance)