sheffield housing company a joint venture housing and … · 2019-01-16 · what is sheffield...
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SHEFFIELD HOUSING COMPANY
A Joint Venture Housing and Regeneration Company
Why Sheffield Housing Company?
Undesirable neighbourhoods leading to housing market failure.
Why Sheffield Housing Company?
Re-think
Re-plan
Regenerate
Why Sheffield Housing Company?
Desired outcomes:
Improved Neighbourhoods:Building a range of homes to facilitate the long term regeneration of Sheffield’s residential suburbs while contributing to the strengthening of the local economy.
Delivery of High Quality Homes as a catalyst for change:Greater control over the delivery of high quality, sustainable new homes in Sheffield, at a greater pace than previously achieved under other initiatives.
SHC Values: Delivering Quality
Investing Locally
Valuing Our Environment
Championing Inclusivity
What is Sheffield Housing Company?
Company Set Up :
• Concept and planning 2007.
• May 2009 Competitive Dialogue process began to find a partner.
• 5 companies invited to bid from 90 interested parties.
• Negotiations concluded in January 2011, company established July 2011.
SCC
LAND
KGP
CASH
Land is
matched by
EQUITY
NEW HOMES
Repayment of
Land Value
Repayment
of Equity
SHC
50:50
SCC : KGPBorrows development
finance
Division of
SurplusDivision of
Surplus
SHC – Sheffield
Housing Company
KEY
KGP – Keepmoat
Great Places
What is Sheffield Housing Company?
Delivery Mechanism:
SHC SCC
Report to Members
ShareholdersSCC
KGP
Board3 SCC Directors
3 KGP Directors
Management Team
Employed Directly by SHC
Project Teams
(Design
Development &
Construction)
Working
Groups
(Policy/
Stakeholders)
KEY
SHC Strategic
Partnership Board
Landowner
Operations Board
What is Sheffield Housing Company?
Progress to date…
680 new homes:
534 open market sale, 84 affordable rent,
36 shared ownership, 26 private rent
Phase 1: COMPLETE
3 sites, 293 homes in total, 80% Open Market Sale, 20% Social and Affordable Rent.
Phase 2 & 3: UNDER CONSTRUCTION
7 sites, 811 homes, 64% Open Market Sale, 3% Affordable Rent, 3% Shared Ownership, 30% Private Rent.
Phase 4: PLANNING
5 sites, 314 homes, 90% Open Market Sale, 10% Shared Ownership.
1 site with Planning approval, remaining 4 sites due for submission early 2019.
Phases 5 & 6: PRE- PLANNING
9 sites, 640 homes, 90% Open Market Sale, 10% Shared Ownership.
Planning submissions mid-late 2019.
Neighbourhood impact: customer data
Neighbourhood impact: customer data
Neighbourhood impact: customer data
Norfolk Park
Initial Sales Price Latest Sales PricePercentage
Increase
2 Beds £130,000 (Jun 13) £168,000 (Jun 18) 29.2%
3 Beds £150,000 (Mar 13) £205,000 (Jan 19) 36.6%
• 220 homes/apt, OMS/AH/PRS - complete
• 77 homes, OMS/PRS – under const.
• 145 homes/apt, plus retail - commence 2019
• £0.4M investment in parks - 2018
Neighbourhood impact: private sector confidence
Initial Sales Price Latest Sales PricePercentage
Increase
2 Beds £103,000 (Jan 13) £131,000 (Oct 18) 27.2%
3 Beds £118,500 (Feb 13) £162,000 (Jun 18) 36.7%
Parson Cross
• 264 homes, OMS/AH scheme – complete
• 106 homes, OMS scheme – commence 2019
• 195 homes, OMS/ scheme – 2021
• £70M retail development –complete
• £5M school investment – complete
• £1.1M investment in parks – under construction
Neighbourhood impact: private sector confidence
Economic impact: Business, jobs and training
610 FTE Jobs Created
60 Apprenticeships
Longevity of Build: 6 years Contract Value Let: £119M
Active sites: 4-6
Since 2012, SHC has invested over £100M with businesses in the city region, over £45M with SMEs.
Economic impact: council income generation
Cutler’s View Norfolk Park Sheffield
Cutler’s View Norfolk Park Sheffield
Earl MashalFir Vale Sheffield
Brearley ForgeParson CrossSheffield
Brearley ForgeParson CrossSheffield
SHEFFIELD HOUSING COMPANY
A Joint Venture Housing and Regeneration Company
John Clephan, Project DirectorEmail: [email protected]: 0114 273 0119