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Housing and Growth Society of District Council Treasurers 5 Dec 2008 Sally Marshall Dacorum Borough Council.

PublishCharlotte Brown Modified over 9 years ago

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Presentation on theme: "Housing and Growth Society of District Council Treasurers 5 Dec 2008 Sally Marshall Dacorum Borough Council."— Presentation transcript:

1 Housing and Growth Society of District Council Treasurers 5 Dec 2008 Sally Marshall Dacorum Borough Council

2 Housing & the economic crisis Crisis in Housing Market Crisis in Housing Market Short Term impact Short Term impact Risk to housing growth targets? Risk to housing growth targets? Empty or partly developed homes? Empty or partly developed homes? Increase in homelessness/benefit take-up Increase in homelessness/benefit take-up Possible longer term impact? Possible longer term impact? Loss of developer supply chain Loss of developer supply chain Continued housing shortage Continued housing shortage Impact on wider economy Impact on wider economy

3 Empty/Partly Developed/ Undeveloped Homes Slowing or stalling development Slowing or stalling development Impact on s106 contributions Impact on s106 contributions Off plan – investment properties Off plan – investment properties 10% deposit based on higher value 10% deposit based on higher value Balance payable but property lower value Balance payable but property lower value Foreclosures Foreclosures

4 Help at Hand? £1bn Housing Package £1bn Housing Package Homes & Community Agency Homes & Community Agency Opportunity for LA investment? Opportunity for LA investment? Investment Returns Investment Returns Interim Market Interim Market Future sale of properties Future sale of properties Help develop stability in local housing market Help develop stability in local housing market Strategic Housing Role for LAs Strategic Housing Role for LAs Any other freedoms or powers needed? Any other freedoms or powers needed?

5 Check list of what’s new Housing & Regeneration Act 2008 Housing & Regeneration Act 2008 £1bn package for Housing £1bn package for Housing Strategic Housing Role for LAs Strategic Housing Role for LAs Mortgage Rescue Mortgage Rescue Homes & Communities Agency Homes & Communities Agency Tenant Services Agency Tenant Services Agency Supporting People Grant – unringfenced Supporting People Grant – unringfenced Housing & Planning Delivery Grant announcement Housing & Planning Delivery Grant announcement Housing Subsidy Determination consultation Housing Subsidy Determination consultation

6 What’s on the horizon? Growth funding announcement Growth funding announcement Short notice inspections - Housing Pilot Short notice inspections - Housing Pilot LA Mortgages or Indemnities? LA Mortgages or Indemnities? Outcome of HRA and Subsidy Review Outcome of HRA and Subsidy Review

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