👏👏Exciting news from Social Housing magazine today: #Legal&GeneralAffordableHomes are reportedly in discussions with Registered Providers (RPs) nationwide about raising equity to address the sector’s funding needs due to the increasing costs of dealing with problematic legacy homes. Investors into the sector have often focused on acquiring new/newer homes or with higher EPC ratings. RPs on the other hand still have to deal with the high costs of retrofitting older legacy stock to meet energy efficiency, building, fire, and health and safety standards. This has been one of the factors leading to a reduction in development capacity in recent years. It's encouraging to see #LGAH looking to address this need and reinforcing their position as a long-term investor in the housing sector. This initiative would support RPs development plans and aligns with the new Government’s commitment to building 1.5 million new homes over the next five years. #planforhousing #fundingsolutions #affordablehousing #housingfinance #buildingsafety #fundingretrofit #portfoliotransactions #BBhousing Louise Leaver Andy Spicer Rose Klemperer Andrew Shaw Jessica Church Rebecca Gibson Bevan Brittan LLP The article below requires a subscription to read: https://lnkd.in/e2m_yfQy

The Queensland government has tapped into its $1bn Housing Investment Fund to buy and convert 85 beach cabins into social and affordable housing for struggling families within the Gladstone Regional Council. Other regional towns being reviewed for social housing include Rockhampton Regional Council and Mackay Regional Council. “Our Homes for Queenslanders plan is pulling every lever possible, whether that’s buying former retirement villages, accommodation parks and hotels; building modular homes and supporting the Federal Government’s Help to Buy shared equity scheme.” With property price growth and rent increases in #Brisbane, Gold coast and Sunshine coast, the quest to lock-in affordable social housing is progressively moving towards other regional destination further out into north QLD.

Funding in the national Housing Accelerator Fund is a drop in the bucket, though it is partly useful in demonstrating a call for real action on the supply of housing and modernizing approval systems, RESCON president Richard Lyall says in an article in The Daily Commercial News and Construction Record. #housingsupplycrisis #cdnpoli #CanadianBudget2024

https://lnkd.in/gRhgkxFJ "#AnthonyAlbanese’s pledge to build 40,000 #affordable #homes through #Labor’s $10bn housing fund would struggle to deliver a completed new project in #Labor’s first term of office after the industry warned only a handful of #builders in Australia are eligible to participate in the program. Rules written into the #Housing #Australia #Future #Fund legislation require builders contracted to work on new social and #affordable homes under the scheme to be accredited for working on government-funded projects."

How will Bowen Island utilize housing accelerator fund grants to enhance municipal development? Check out this article to find out more 😃 🤔 Questions about buying or selling your home? Email at john@TOliving.com 👩💻 🏠 Start browsing for homes at TOliving.com 🏢

The Highland Council hosted a housing summit in October to discuss the housing challenges in Highland and potential solutions with private and public sector partners and The Scottish Government. Council Leader Raymond Bremner said:  “The Scottish Government’s commitment to assisting us in the housing challenge is very welcome however, and I am keen to see what the further details on the allocation are going to be and how this will apply to Highland. “I’m aware of the considerable challenges facing local authorities all over Scotland but it is vitally important that we focus on the particular challenges facing Highland which includes doubling our current housing supply and accelerating the delivery of both public and private housing, as well as the availability of sites across Highland communities.  “It is one of our priorities to seek and seize the opportunities to work with partners to attract investment and undertake a range of solutions to address the shortage of affordable homes in Highland. “Rural housing makes an important contribution to housing supply in Highland and the Council is implementing a number of commitments to implement solutions towards increasing our housing supply, including repaying £6m into the Housing Landbank Fund. “We are committed to continue working in collaboration with The Scottish Government and all partners so that we can deliver the required investment in housing to reverse depopulation and sustain and develop thriving communities across the Highlands.” 

The application deadline for the £1.29 billion SHF Wave 3 decarbonisation fund may have passed a week ago but in this article Rubianka Winspear and I explore what bidders can do now to make sure they are ready when funding is announced, including: - consider the impact which the changes to the grant funding and data sharing template agreements will have on your risk profile - negotiate consortium agreements - DESNZ has made it clear that in Wave 3 this is contractually required rather than a "nice to have" - settle your co-funding arrangements - there are some innovative products for retrofit on offer but DESNZ approval is needed - ensure your procurement strategy is compliant with the Procurement Act 2023 - consider whether section 20 consultation is required and if so, build this into your delivery timescales - establish the subsidy control basis on which funding will be provided and ensure this is properly flowed down through consortium agreements and engagement with leaseholders There are a lot of moving parts to consider under Wave 3, drop either of us a line if you have questions about any of the above.

Imagine if private community funds did the same thing with place based local housing strategies enabling the reach? Communities would benefit both from' ROI direct to those who have the money and those who need the housing with developers who are locally based enabling local talent to be accelerated with training opportunities enhanced? This is possible. Blackstone are running an exiting scale based partnership. The need is being satisfied but I think if someone did this locally with a true value added model you would see greater benefits. Places have the opportunity to shape sustainable reach.

🏠💼 Breaking News: Calgary Receives $228M for Housing Accelerator Fund! 💰🌆 Exciting developments are underway in Calgary as the Canadian government allocates $228 million from its Housing Accelerator Fund. 🇨🇦💼 This significant investment is poised to transform the city's housing landscape, focusing on higher density housing, student accommodations, transit-oriented homes, and affordable housing initiatives. 🏘️🚇 Housing Minister Sean Fraser announced that this partnership with Calgary will fast-track the development of 6,800 housing units over the next three years and catalyze the construction of over 35,000 homes over the next decade. 📈🔑 It's a game-changer for Calgary, bringing a major advancement in addressing housing needs and fostering community growth. 🌟 What's your take on this groundbreaking initiative? Share your thoughts in the comments below. Let's spark a conversation about the future of housing in Calgary and beyond! 💬🏡 #HousingAcceleratorFund #CalgaryHousing #CommunityDevelopment #AffordableHousing #TransitOrientedDevelopment #CityGrowth #InvestmentImpact #LinkedInRealEstate #BuildingCommunities #FutureOfHousing 🌆💡 📩 Want to learn more about how this investment will shape Calgary's housing landscape? Reach out to me to discuss the implications and opportunities for real estate in our city! 💼🏠