Katie Dyer’s Post

🏠 Just visited an HMO property perfect for social housing! Here’s the breakdown: 💸 Purchase Price: £83K 💰 £57K cash in (including finance costs & £20K refurb) 📈 Generating £900 PCM profit 💼 Expected GDV: £150k The benefits of renting your property to a social housing provider 🏠 **Steady Rental Income**: Guaranteed payments, reducing the risk of void periods. 🤝 **Long-Term Tenancy**: Secure, long-term contracts with reliable tenants. 💼 **Hassle-Free Management**: Social housing providers often manage the property, saving you time and stress. 💸 **Consistent Cash Flow**: Reliable income stream with fewer unexpected costs. 🌍 **Positive Impact**: Contribute to the community by providing safe, affordable housing for those in need. #PropertyInvestment #SocialHousing #HMO #CommunityImpact #InvestmentJourney

Transforming Scunthorpe's Housing Fund Funds are available to support schemes which will address one or more of the following measures: 1. Regeneration and redevelopment of a vacant property to bring back into residential use. 2. Conversion of vacant commercial floorspace to residential use (upper floors within the core town centre area) 3. Development of new-build homes https://lnkd.in/eiMRjFSd

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.

Gloucester housing group Mears Group PLC posts strong six-month performance 🏘️💪 Mears Group, a Gloucester-based housing and social care provider, has shared an ‘excellent’ first-half performance in a trading update for the six months ended 30 June 2024. The group posted revenues of £580.0m for the period – up 10 per cent from £525.6 million in the first half of 2023 – with pre-tax profits up 44 per cent at £30.5 million. A recent highlight has been securing a new contract with North Lanarkshire Council, which is expected to generate annual revenues of more than £125 million for a minimum of eight years. Mears Group also helped many clients secure grants through the Social Housing Decarbonisation Fund, facilitating more than £50 million of funding through waves 1 and 2, with applications for wave 3 now underway. The board anticipates full-year revenues of around £1.1 billion. CEO Lucas Critchley said... Continue reading... https://lnkd.in/eX3_9SDF #housing #property #strong #finance #residentialproperty #report #gloucsnews #gloucshour #businessnews #businessintelligence

Warm Homes: Social Housing Fund Wave 3 – now that bids have been submitted, what’s next?... Social landlords who have bid for a share of £1.3bn in decarbonisation funding should be getting ready now to hit the ground running when the money comes through. Jessica Arczynski and Rubianka Winspear of Trowers & Hamlins explain how #UKhousing

Build to Rent, Build to Rent, Build to Rent...this seems to be the sole focus of the large super funds at the moment. That's kind of frustrating when not everyone wants to rent and there are shared equity options like HOPE Housing Fund Management Limited for #essentialworkers like #police, #nurse, #teachers and so on. But, at least with BTR we are seeing money come into the market and that means Australians in rental accommodation will be able to get better access to the market as well as vitally important certainty of tenure. And I'm sure that in the longer run the good news that the major super funds are actually doing something in housing will ultimately lead to a portfolio view which will see capital allocated to HOPE and other shared equity options. BTR and Shared Equity are two of the approaches to affordable housing. Yesterday the Business Council of Co-operatives and Mutuals (BCCM) hosted another affordable housing round table where we looked at the Australian Co-operative Housing market and examples of how these are working in Victoria and NSW. I'm glad I've been able to help Police Bank Ltd. play its role in this discussion and in proposing a solution like HOPE. Australia needs more affordable housing, and it feels like we are moving strongly in the right direction. (Not sure if the article is gated, apologies if it is.)

So my route to being a registered social housing provider is going to be a longer journey than I wanted with a detour along the way. To become a registered social housing provider will take years to get approved, but we can still do good with working with local councils by becoming a emergency accommodation provider, so people will still have a place to go home even if it’s only for a year. So in order to become a registered social housing provider you have to be a non profit organisation, so that wouldn’t work from an investors point of view where they would want a return on their money. With the emergency accommodation route, it’s a guaranteed rent paid directly by uc, so any investors would get a return on their investment while we still help the councils to ease pressure on their social housing waiting lists. #investmentopportunity #housing

We made it! It was an epic journey 🚘🚇 but it’s already been worth it. We’ve heard from the Regulator of Social Housing who gave a message that the social housing sector needs to know their stock, tenants, business and what investment they need as well as they need to create more and better social housing and better services for current and future tenants. We’ve also heard from Clive Betts about the latest Government cross party report https://lnkd.in/eMQFEbUG. One of the calls of the report is that the Government needs “to invest in the social housing sector to ensure that 90,000 new social rent homes a year can be built per year in England and to re-examine how much funding is allocated to social rent homes.” I couldn’t agree more! That is just the morning. Lots more to come! Social Housing Anthony Collins incorporating Jobling Gowler Solicitors B Lab UK Julia Robertson Adriana Klincova Michael Nutman Emma Hardman Victoria Jardine Peter Hubbard Jo Cartwright Sarah Patrice Jonathan Cox Helen Tucker #socialimpact #socialhousing