DELIVERING HOUSING IN CROYDONCase Studies

SOUTH WEST LONDON HOUSING PARTNERSHIP CONFERENCE – JUNE 2014

CROYDON COUNCIL NEW BUILDAffordable Homes

Sumner Gardens, Broad Green

100 homes completed since 2008

100 homes in the pipeline

100 homes in 2015-18 GLA Bid

Funded by HRA, including RTB receipts & GLA Grant (Avoiding Double Subsidy)

Croydon Urban Regeneration VehicleTABERNER HOUSE

Joint venture with John Laing

Finance includes Build to Rent

Demolition Council offices and disposal of cleared site

420 new homes

Ph 1: 230 PRS homes by Essential Living

Ph 2: 127 homes for Flexible Sale by Places for People + 60 Affordable homes

FLEXIBILITY ON s106Saffron Square and Island House

Saffron Square 755 homes for private sale and rent by Berkeley Homes

Affordable housing requirement reduced and deferred on condition of binding start on site and completion dates.

Island House 182 homes for private sale by Regency Homes

Affordable housing requirement reduced on condition of binding start on site and completion dates.

SUPPORTING FLEXIBLE TENURERuskin Square – Phase 1

161 new homes (34 Affordable) by Stanhope Schroder & Places for People

Finance Includes Get Britain Building Funding

‘Tenure Blind’ scheme with homes offered for sale, rent and part ownership

Flexible Tenure model

BRIDGING FUNDING GAPSLennard Lodge

26 Affordable Homes from ex NHS Building by Family Mosaic

Supported by GLA Grant but RP had genuine FUNDING GAP

Council bridges gap to enable scheme to be viable and 100% affordable units

WHAT’S NEXT ?

• MORE EMPHASIS ON AFFORDABILITY

• CROYDON INVESTMENT FUND FOR STRATEGIC SITES

• MORE JOINT VENTURES ON KEY SITES

• CPOs WHERE NECESSARY

• HOUSING ZONE BID WITH GLA

• WIDER ESTATE REGENERATION OPTIONS

• LOCAL AUTHORITY HOUSING COMPANY