Some Recent Examples

Extra Care and Supported Housing - Making it Viable

Nick Byrne Deputy Director – New Business

Midland Heart  £50,000,000 turnover from Supported Housing  27 Extra care Schemes since 1984  Over 100 older people’s schemes  58 other supported housing schemes    

Homeless people Young vulnerable people People with mental health problems People with learning disabilities

Some Recent Examples  Broad Meadow  Willowfields  Snow Hill  Oasis House

Broad Meadow

Broad Meadow

Broad Meadow

Willowfields

Snow Hill

Snow Hill

Snow Hill

Snow Hill

Oasis House

Oasis House

Funding Regime  Constant Changes  From 100% Grant  To Mixed Funding  To Nil Grant

Viability Considerations  Nil Grant but not a bolt-on  Borrowing levels on rented units  Tenure mix proportions  Cost to Value ratio

 Is 30 yr model the right one?  Revenue considerations – PFI comparisons  Core Costs to consider

Questions?