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Affordability Later in Life

Affordability Later in Life. Roger Battersby Managing Partner, PRP Architects LLP. The Current Context. Ageing Population Impact on Mainstream Housing Generation Change: Aspirations Personal Care Budgets The Dilnott Commission Public Sector Funding Cuts. The Housing & Care Spectrum.

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Affordability Later in Life

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  1. Affordability Later in Life Roger BattersbyManaging Partner, PRP Architects LLP

  2. The Current Context • Ageing Population • Impact on Mainstream Housing • Generation Change: Aspirations • Personal Care Budgets • The Dilnott Commission • Public Sector Funding Cuts

  3. The Housing & Care Spectrum

  4. Current Provision: Retirement Villages Painswick, Gloucestershire – Richmond Villages

  5. Current Provision: Extra Care • 432 Units on 5 Sites • Larger scale with 57 to 133 flats per site • Mixed Tenure • Community Resource Centres • Regenerating neighbourhoods

  6. Current Provision: The In-betweeners • Own a 3 bedroom family house • Modest savings • Modest pension Very little in the way of alternatives to Staying Put available…..

  7. Key Issues The paper identifies 6 key issues that need to be addressed: • Partnering Locally to Deliver • Overcome obstacles to delivery • Promote Innovative Capital & Revenue Funding Solutions • Review Existing Models & Standards • Optimise Existing Stock through Remodelling and Asset Management • Reducing Procurement Costs and Standardising the Product

  8. Partnering Locally to Deliver and Overcome Obstacles Partnering Locally to Deliver • Local Needs: Local Delivery • Pivotal Role of Local Authorities • Joining up Health, Housing and Adult Services • Planning: Local & Neighbourhood Plans Overcoming Obstacles • Raising Awareness • Funding Cuts • Planning Policy • Land Availability • Affordability Criteria: 80% of Market Rental Neptuna, MalmoPrioritises affordable housing at the heart of its urban regeneration…

  9. Promote Innovative Capital & Revenue Funding Solutions • Mixing Tenure: Shared Ownership, Private Rental • Mixing Use: Alternative Revenue Funding Streams • Housing & Care Packages: Insurance Premium for Care Cover • Equity Release from Existing Housing Stock • Co-housing: Land availability, Bridge Funding, Development Support Co Housing - HerfratilEvigheden, Roskilde Hartrigg Oaks, York – Joseph Rowntree Foundation

  10. Review Existing Models & Standards • Staying Put: review inclusive design standards, Assistive Technology • Independent Living: Market Opportunity for Care Ready Apartments, Well Located, Minimal Communal, Lifestyle Choice • Extra Care: Viability Issues, Impact of Personal Budgets, Resident Profile – Need for Economies of Scale, Community Integration & Sharing Services/Facilities • Continuing Care Community HUBS: Community based, Economies of Scale, Dementia Care, Resource Centres • Importance of Location: Accessible Neighbourhoods, Volunteers, Family Ties

  11. Community HUB – Extra Care a Service? Community Community Laundry Services Respite Care Extra Care = IndependentLiving? Community HUB Community Care Services Day Care Catering Services Community Community

  12. Care HUBs in the Community Drop-In Facility Day Care Nursing Care Resource Centre Care Base Respite Care Intermediate Care Dementia Care

  13. Optimise Existing Stock: Remodelling & Asset Management • Recycling Existing Buildings: Tower Blocks, Deck Access, Bedsit Flats. • Retrofit for Energy Efficiency • Reducing VAT to Promote Reuse • Asset Management Programme: Lifting Covenants on LSVT disposals Deck Access, Pimlico Glastonbury House, Pimlico de Rokade, Groningen

  14. Reducing Procurement Costs and Standardising the Product • Review PFI & PPP to reduce Risk/Cost • Review EU Procurement Mechanisms • Partnering with Contractors to Fund & Construct • Standardisation/Rationalisation in Design • OSM/Volumetric Build?

  15. Planning for our future…. …..a major opportunity for housing developers, investors and funders to develop new models for attractive, sustainable and ‘care ready’ housing for a growing market…. ‘Independent Living’ – de Plussenburgh, Rotterdam

  16. Affordability Later in Life Roger BattersbyManaging Partner, PRP Architects LLP

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