business models
BUSINESS MODELS JOY KINGSBURY SYNERGY HOUSING
WHAT DO HOUSING PROVIDERS NEED TO CONSIDER? • Do existing services meet the needs of older people? • What do we want to deliver in the future?
• How can we make it happen?
Increasing long term illness and disability
KEY FINDINGS FROM REPORT
Increasing social isolation
ACCESSABILITY CHOICE Diverse Financial Picture.£500BN OF UNMORTGAGED EQUITY IN OVER 65’SEquity rich – cash poor.23% of older people live Release equity below the poverty line. to pay for care
HOW FIT FOR PURPOSE IS EXISTING STOCK? • Do older people want to live in it? – Is it accessible? – Is it big enough? – Are service charges reasonable?
• What else could we do with it? – Adapt it – Use it for another tenant group? – Sell it to free up money for new developments – Redevelop it
CO-HOUSING • 1. Participatory process. Future residents participate in the design of the community so that it meets their needs. • 2. Neighborhood design. The physical layout and orientation of the buildings (the site plan) encourage a sense of community • 3. Common facilities. Common facilities designed for daily use, are an integral part of the community
CO- HOUSING 4.Resident management. Residents manage their own cohousing communities, and also perform much of the work required to maintain the property 5. Non-hierarchical structure and decision-making. Leadership roles naturally exist in cohousing communities, however no one person (or persons) has authority over others. 6. No shared community economy. The community not a source of income for its members. Occasionally, a cohousing community will pay one of its residents to do a specific (usually time-limited) task, but more typically the work will be considered that member's contribution to the shared responsibilities
BENEFITS OF CO-HOUSING • REMOVES THE COSTS OF MARKETING • REMOVES THE RISK OF NO SALES • CREATES A SENSE OF COMMUNITY FROM DESIGN STAGE • REDUCES SERVICE CHARGES • CREATES A VERY STRONG SENSE OF OWNERSHIP
PRIVATE DEVELOPMENT • ZEBRA – • • • •
Zebra is a private operating company Synergy lends funding to Zebra at market rate Zebra develops property for market sale Zebra gift aids its profit back to Synergy Housing to provide social housing
Local Authority give £250k back for reinvestment.
Invest £250K in social housing
Invest £350k in social Housing.
Zebra Gift Aid 100k profit to Synergy.
Pay Local Authority £250,000 recharge Sell to Developer for £500k
Option 1
VALUE £250K AS ASSET £500K WITH PLANNING.
Option 2
Pay Local Authority £250,000 Recharge Sell to Zebra for £500k
16 YEARS DIFFERENCE
TEENAGER
BABY
36 YEARS DIFFERENCE
OLDER PERSON
OLDER PERSON
WHAT DO HOUSING PROVIDERS NEED TO CONSIDER? • Do existing services meet the needs of older people? • What do we want to deliver in the future?
• How can we make it happen?
Increasing long term illness and disability
KEY FINDINGS FROM REPORT
Increasing social isolation
ACCESSABILITY CHOICE Diverse Financial Picture.£500BN OF UNMORTGAGED EQUITY IN OVER 65’SEquity rich – cash poor.23% of older people live Release equity below the poverty line. to pay for care
HOW FIT FOR PURPOSE IS EXISTING STOCK? • Do older people want to live in it? – Is it accessible? – Is it big enough? – Are service charges reasonable?
• What else could we do with it? – Adapt it – Use it for another tenant group? – Sell it to free up money for new developments – Redevelop it
CO-HOUSING • 1. Participatory process. Future residents participate in the design of the community so that it meets their needs. • 2. Neighborhood design. The physical layout and orientation of the buildings (the site plan) encourage a sense of community • 3. Common facilities. Common facilities designed for daily use, are an integral part of the community
CO- HOUSING 4.Resident management. Residents manage their own cohousing communities, and also perform much of the work required to maintain the property 5. Non-hierarchical structure and decision-making. Leadership roles naturally exist in cohousing communities, however no one person (or persons) has authority over others. 6. No shared community economy. The community not a source of income for its members. Occasionally, a cohousing community will pay one of its residents to do a specific (usually time-limited) task, but more typically the work will be considered that member's contribution to the shared responsibilities
BENEFITS OF CO-HOUSING • REMOVES THE COSTS OF MARKETING • REMOVES THE RISK OF NO SALES • CREATES A SENSE OF COMMUNITY FROM DESIGN STAGE • REDUCES SERVICE CHARGES • CREATES A VERY STRONG SENSE OF OWNERSHIP
PRIVATE DEVELOPMENT • ZEBRA – • • • •
Zebra is a private operating company Synergy lends funding to Zebra at market rate Zebra develops property for market sale Zebra gift aids its profit back to Synergy Housing to provide social housing
Local Authority give £250k back for reinvestment.
Invest £250K in social housing
Invest £350k in social Housing.
Zebra Gift Aid 100k profit to Synergy.
Pay Local Authority £250,000 recharge Sell to Developer for £500k
Option 1
VALUE £250K AS ASSET £500K WITH PLANNING.
Option 2
Pay Local Authority £250,000 Recharge Sell to Zebra for £500k
16 YEARS DIFFERENCE
TEENAGER
BABY
36 YEARS DIFFERENCE
OLDER PERSON
OLDER PERSON
