Strategic Housing Investment Plan 2010 - Falkirk Council

Priority
Project Sub-Area RSL Partner Rent SE LCHO Total * RSL LA
Ranking
Private
Dev.
Private
Owner
Public
Body
Strategic Housing Investment Plan 2011 - 2016 Financial Profile Appendix 1c
C *Thorndene Terrace, Slamannan Polmont & Rural South Hanover 20 0 0 20 Complete £500,814 £700,000 £599,186 £400,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,100,000 £1,100,000 £2,200,000 Not applicable Green
C *Torwoodlea, Larbert
Stenhousemuir/ Larbert &
Rural North
Link 43 0 0 43 Complete £2,772,507 £1,661,108 £671,943 £134,970 £0 £86,134 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £3,444,450 £1,882,212 £5,326,662 Not applicable Green
C *Wood Street, Grangemouth Grangemouth Link 46 11 16 73 Complete £5,761,714 £2,361,143 £169,205 £970,000 £0 £110,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £5,930,919 £3,441,143 £9,372,062 Not applicable Green
C *Craigleith Road, Grangemouth Grangemouth Link 32 0 0 32 Complete £2,676,431 £1,436,937 £41,913 £46,127 £0 £54,666 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £2,718,344 £1,537,730 £4,256,074 Not applicable Green
OS *Mayfield Drive, Longcroft Denny & Bonnybridge Link 16 0 0 16 On site £328,209 £0 £637,000 £682,914 £0 £50,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £965,209 £732,914 £1,698,123 Not applicable Green
OS *McTaggart Avenue, Denny Denny & Bonnybridge Horizon 10 0 0 10 On site £300,000 £0 £485,155 £521,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £785,155 £521,000 £1,306,155 Not applicable Green
BB *Overton Crescent, Redding (Phase 1) Polmont & Rural South Kingdom 28 0 0 28
BB *Bellsdyke, Larbert (Phase 1)
Stenhousemuir/ Larbert &
Rural North
Link 22 0 0 22
In negotiations with
private developer
RSL partnership with
private developer
£0 £0 £1,775,100 £0 £390,000 £1,320,000 £0 £43,000 £0 £0 £0 £0 £0 £0 £0 £0 £2,165,100 £1,363,000 £3,528,100 Acquisition & Planning Green
£0 £0 £524,014 £0 £911,077 £900,583 £0 £400,292 £0 £50,000 £0 £0 £0 £0 £0 £0 £1,435,091 £1,350,875 £2,785,966 None Green
BB *Bridge Street, Bonnybridge Denny & Bonnybridge Link 6 0 0 6 Acquisition Sept 2010 £0 £0 £434,910 £298,146 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £434,910 £298,146 £733,056
1st = Bellsdyke, Larbert (Phase 2)
Stenhousemuir/ Larbert &
Rural North
Link 0 27 0 27
RSL partnership with
private developer
£0 £0 £0 £0 £1,795,500 £1,184,625 £0 £334,875 £0 £60,000 £0 £0 £0 £0 £0 £0 £1,795,500 £1,579,500 £3,375,000
2nd = Park Terrace, Brightons Polmont & Rural South Link 16 0 0 16 Acquired £0 £6,524 £0 £0 £73,448 £83,388 £990,552 £726,088 £0 £0 £0 £0 £0 £0 £0 £0 £1,064,000 £816,000 £1,880,000 Funding Green
3rd Mary Street, Lauriston Polmont & Rural South Key 2 0 0 2 Owned by RSL £0 £0 £0 £0 £116,000 £116,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £116,000 £116,000 £232,000 Funding Green
4th = Overton Crescent, Redding (Phase 2) Polmont & Rural South Kingdom 21 0 0 21
1st = Bellsdyke, Larbert (Phase 3)
Stenhousemuir/ Larbert &
Rural North
Link 18 0 0 18
In negotiations with
private developer
RSL partnership with
private developer
Roads Construction
Consent
Building Warrant &
Funding
£0 £0 £0 £0 £1,654,000 £971,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,654,000 £971,000 £2,625,000 Acquisition & Planning Green
£0 £0 £0 £0 £0 £0 £1,197,000 £702,000 £0 £301,000 £0 £50,000 £0 £0 £0 £0 £1,197,000 £1,053,000 £2,250,000
2nd = Burnside Terrace, Camelon Falkirk Key 4 0 0 4 Owned by RSL £0 £0 £0 £0 £0 £0 £220,000 £220,000 £0 £0 £0 £0 £0 £0 £0 £0 £220,000 £220,000 £440,000 Funding Green
4th = Overton Crescent, Redding (Phase 3) Polmont & Rural South Kingdom 13 0 10 23
In negotiations with
private developer
Building Warrant &
Funding
£0 £0 £0 £0 £0 £0 £1,524,000 £1,352,000 £0 £0 £0 £0 £0 £0 £0 £0 £1,524,000 £1,352,000 £2,876,000 To be acquired Amber
4th = Glenburn Road, Hallglen Falkirk Loretto 25 0 0 25 Acquired £0 £0 £0 £0 £429,689 £0 £1,080,181 £0 £570,130 £960,000 £0 £160,000 £0 £0 £0 £0 £2,080,000 £1,120,000 £3,200,000
Social Work to confirm
supported accommodation
requirements, Housing to
confirm mix
5th Auchincloch, Banknock Denny & Bonnybridge Link 30 0 0 30 To be acquired £0 £0 £0 £0 £0 £0 £0 £0 £1,168,798 £330,000 £826,202 £627,725 £0 £497,275 £0 £0 £1,995,000 £1,455,000 £3,450,000 Planning Amber
6th = Carrongrove Mill, Stoneywood Denny & Bonnybridge Link 27 0 0 27
6th = Bank Street, Falkirk Falkirk Hanover 27 0 0 27
RSL partnership with
private developer
Negotations with site
owner
£0 £0 £0 £0 £0 £0 £0 £0 £1,768,500 £1,291,500 £0 £45,000 £0 £0 £0 £0 £1,768,500 £1,336,500 £3,105,000 Planning Amber
£0 £0 £0 £0 £0 £0 £0 £0 £1,146,324 £300,000 £953,676 £900,000 £0 £0 £0 £0 £2,100,000 £1,200,000 £3,300,000 Acquisition Amber
7th Canal Walk, Bonnybridge Denny & Bonnybridge Link 38 0 0 38 Acquired £0 £0 £0 £760,000 £0 £0 £0 £0 £0 £0 £1,327,020 £0 £1,199,980 £1,463,000 £0 £0 £2,527,000 £2,223,000 £4,750,000 None Green
8th Vellore Road, Maddiston Polmont & Rural South Link 18 0 0 18 Option with site owner £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,188,873 £833,000 £8,127 £0 £0 £40,000 £1,197,000 £873,000 £2,070,000 Planning & Funding Amber
9th Westquarter Social Club, Westquarter Polmont & Rural South Hanover 14 0 0 14 To be acquired £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,156,414 £500,000 £0 £0 £1,300,000 £500,000 £1,800,000 Planning Amber
10th =
Gowan Avenue, Grahamston Quay,
Falkirk (Phase 1)
10th = Edward Avenue, Larbert
Project Ranking
SHIP Total
Falkirk Weslo 22 0 0 22
Stenhousemuir/ Larbert &
Rural North
To be acquired and
landbanked by RSL in
2010/11
£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,369,220 £1,075,817 £0 £0 £1,369,220 £1,075,817 £2,445,037 None Amber
Link 25 15 0 40 Option with site owner £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £562,030 £0 £2,097,970 £1,940,000 £2,660,000 £1,940,000 £4,600,000
300 42 10 352 £12,339,675 £6,165,712 £5,338,426 £3,813,157 £5,369,714 £4,876,396 £5,011,733 £3,778,255 £4,653,752 £3,292,500 £4,295,771 £2,615,725 £4,295,771 £3,536,092 £2,097,970 £1,980,000 £43,546,398 £30,057,837 £71,404,235
Total 523 53 26 602
£18,505,387 £9,151,583 £10,246,110 £8,789,988
£7,946,252 £6,911,496
£7,831,863
£4,077,970
* Projects currently on site/ complete / spend within 2010/11 and not included in the Scottish Government Proforma Hag Target for Each Financial Year £5,007,454 £4,673,624 £4,339,793 £4,005,963 £4,005,963 = £22,032,797
Less Stage 3 budget (Adaptations) £234,375 £218,750 £203,125 £187,500 £187,500 = £1,031,250
C Complete Total HAG Target £4,773,079 £4,454,874 £4,136,668 £3,818,463 £3,818,463
OS On Site
BB Block B for 2010/11 Add 12.5% slippage per year £596,634 £556,859 £517,084 £477,308 £477,308
HAG Year Total for 2010 SHIP £5,369,714 £5,011,733 £4,653,752 £4,295,771 £4,295,771
Total HAG Requirement for 2011/12 - 2015/16 =
Total Slippage 2011/12 - 2015/16
Variance 12%
Previous Years
£2,625,193
Current Year
£23,626,741
Funding Requirements Main SHIP Programme 2011 - 2016
Year 1 of Plan Year 2 of Plan Year 3 of Plan Year 4 of Plan
No Of Units Ownership of Land (Tick app. Box) Status of land (Acquired,
Option, Declared Surplus by
LA, To be Declared Surplus by
2010/11 2011/12 2012/13 2013/14 2014/15
2015/16
2016 onwards
Other LA etc)
AHIP Other AHIP Other AHIP Other AHIP Other AHIP Other AHIP Other AHIP Other AHIP Other AHIP Other Total
Year 5 of Plan
Future Years
SUMMARY Known Site Constraints
Amendment to Planning
and Funding
Development
Status (Green,
Amber or Red)
Green
Amber
Amber
Green
Amber