New Communities Partnership
The New Communities Partnership was launched on 3 May 2016 to deliver £1 billion of new housing.
It is a housing delivery fund created by Kier Living, The Cheyne Social Property Impact Fund and The Housing Growth Partnership - a joint venture between the Homes and Communities Agency (HCA) and Lloyds Banking Group. Together, they offer an end-to-end development solution that includes procurement, funding, site assembly, construction, sales, management and maintenance.
The New Communities Partnership is a public-private alliance intended to help the public sector build 10,000 new homes across the UK. It will “…provide local authorities and housing associations with an innovative delivery model for building new homes on their own land, giving them the option to choose between sale and/or rental developments, and offers significant scope for affordable development.”
Public sector organisations will be able to determine the appropriate mix of tenure for their site. Rental homes will include discounted and market-rent solutions for key workers, people with disabilities and the elderly. Homes for sale will include discounted sale units to help first time buyers. This will give public sector organisations the potential to generate income from their land, whilst developing it in a socially-responsible way.
The New Communities Partnership believe this will increase the number of affordable homes built, with up to 50% of each site offering affordable development opportunities.
John Anderson, Executive Director of Kier Living said, “Through this unique public private sector partnership with experienced finance and development partners Kier, Cheyne and the Housing Growth Partnership, we are collectively offering an end-to-end solution to building much-needed new homes.”
Shamez Alibhai, Head of Cheyne’s Social Property Impact Fund, said, “We believe that bringing responsible private capital into the UK housing sector is necessary for tackling the increasing shortfall of genuinely affordable homes across the country.”
Andy Hulme, CEO of The Housing Growth Partnership said, “Working alongside Kier Living and Cheyne Capital through the ‘New Communities Partnership’ should stimulate further growth in residential development projects and enhance access to affordable housing.”
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Affordable housing
- Affordable rented housing.
- Build to rent.
- Cohousing.
- Help to buy.
- Homes and Communities Agency.
- Housing associations.
- Housing tenure.
- Intermediate housing.
- Laying the foundations: a housing strategy for England.
- Real Estate Investment Trusts.
- Rent to buy.
- Right to buy.
- Right to rent.
- Shared ownership.
- The Shared Ownership and Affordable Homes Programme 2016 to 2021.
- Social housing.
- Social rented housing.
- Starter homes.
[edit] External references
Featured articles and news
The act of preservation may sometimes be futile.
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.