Future of London tackled the issues emanating from the recently published Affordable Homes Programme Framework for 2011 – 2015 this week. The new Framework represents a significant change in the funding landscape for affordable housing, with grants being all but eliminated, potential affordable rent levels going up to a limit of 80% of market value, and the introduction of fixed term tenancies. Underpinning all of this is a much greater emphasis on partnership working between London Boroughs and providers to ensure developments remain viable.
With so much uncertainty as to how this will impact local areas across the Capital, Future of London and GVA hosted a high level seminar examining how London Boroughs and providers can meet the challenges ahead. We were joined by Liz Sealey, Deputy Head of the Affordable Housing Division at CLG, Ken Jones, Head of Housing Strategy at LB Barking and Dagenham, and Brendan Sarsfield, CEO of Registered Social Landlord Family Mosaic. We also heard from Paul McGuinness of GVA, who presented a high level analysis of the impacts of the new Framework on development viability and affordability across London.
Slides from each of our presentations can be found here, and a video interview following the event with Ken Jones can be viewed below:
Further analysis of the implications of the new Framework will be forthcoming, including further views and interviews from the event.