Value ..........???????Government driven

Welfare reform...........At what cost

Value ......???????

CHA average rent 2 bed flat £67 pw

loss for one bed under /occ. £12

saving for government HB bill £626

Nice one George

Value ..........???????

Problem solvedmeet private landlordOne bed flat £92 (within lha)£ 25 more than CHA rent

Increased eligible cost £1305 plus loss of predicted saving £626Total cost to treasury £1931

David what’s going

on

Value ..........???????

Julian Ashby chair (HCA) regulation committee

Board responsibility: TSA keen to promote (VFM) but don't think it’s their role to tell people how to do it. For each organisation to work through itself led by its board and executives.

Primary issue: On average around two thirds of tenants have their rents supported by housing benefit. So taxpayer interest in VFM is legitimate. But the issue isn't primarily about saving money, it is about future investment in new homes and a range of related services.

Value ..........??????? More from Julian

Bigger picture: Housing associations turn over £12bn per year. A 1% efficiency saving yields a useful sum but not enough to build many homes. The open market value of social housing is around £250bn. Unlocking 1% of this value would build a great many homes. That is why the draft VFM standard suggests that providers should understand the return on their assets and develop a strategy for maximising the future return as measured against their own social objectives

Value ..........??????? Back to me

What do we have to do?

Run efficient businesses

Demonstrate our assets work for us

Prove tenants support this

Capture the value of our work in real terms

Value ..........??????? Back to me

What do tenants want?

Should we sell popular most valuable stock?•What could we buy?

Less popular homes in areas of decline •social housing ghettos

Would we even get 2 for 1?Should we invest in existing stock and people?

•Financial inclusion energy efficiency

Value ..........???????

Capture the value of our work in real terms

Do you agree that:

We have a strong commitment to vulnerable people in terms of those that we house?

We believe the work we do keeps these people sustainable in their tenancy?

Value ..........???????

Capture the value of our work in real terms

Do you agree that:

Without your work the same vulnerable people would depend more heavily on other public sector resources such as health, probation, social services?

Value ..........???????

Capture the value of our work in real terms

Do you:

Have a record of the cost benefit to the public purse of the sustainable tenancies you maintain as a landlord?

Do you publish this to your tenants or to external bodies?

Value ..........???????

More questions than answersCommunity Housing Associations NW CHA NW

NHF standing group feeding into national groupRe named – (dropped small)

Looking at SROI

Value ..........???????

SROI

Social return on investment

The evidence of what your pound delivers •Financial

•2 to 1•Social - Environmental

•savings to other services benefits to individual

Value ..........???????

Next steps – try to find answers

Work through SROI

•Look to doing this across small providers nationally•Involve Skills & Projects•Produce our own case studies•Share them with press, NHF, local and national politicians