Strategic Housing Investment Plan 2010 - Falkirk Council
Strategic Housing Investment Plan 2010 - Falkirk Council
Strategic Housing Investment Plan 2010 - Falkirk Council
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7.<br />
NEW FUNDING MODELS & PROCUREMENT<br />
General<br />
7.1 The Scottish Government’s housing policy discussion document, <strong>Housing</strong>: Fresh<br />
Thinking, New Ideas poses fundamental questions about the way homes can be<br />
built, allocated, funded and managed. One of the five key themes outlined in the<br />
document is that increasing the supply of affordable housing is critical. The<br />
document identifies that if housing need is to be addressed in this new financial<br />
climate, a fundamental change in the methods employed to finance and deliver new<br />
affordable homes is required. The document outlines a clear message that there is<br />
little prospect of meeting need if delivery is pursued only through traditional funding<br />
models.<br />
7.2 As a result of the financial challenges facing the housing sector, it is clear that new<br />
funding sources and models for increasing the supply of affordable housing are<br />
essential. The discussion document outlines that potential funding models<br />
currently in place or under consideration include:<br />
• <strong>Council</strong> House Building Incentive,<br />
• Leverage models,<br />
• Shared equity,<br />
• Co-operative and mutual home ownership models,<br />
• <strong>Housing</strong> and Infrastructure Loan Fund,<br />
• <strong>Plan</strong>ning Policy, Conditions and Agreements,<br />
• Innovative Bidding Arrangements,<br />
• Landlords getting more value from existing resources,<br />
• New sources of finance for RSLs,<br />
• Cross-subsidy models,<br />
• Reducing barriers to investment.<br />
7.3 <strong>Falkirk</strong> <strong>Council</strong> has a well developed <strong>Council</strong> house building programme and has<br />
demonstrated a willingness to consider and participate in new innovative solutions<br />
to increasing the supply of affordable housing. The <strong>Council</strong> will continue to adopt<br />
this approach to try to meet the strategic objective of increasing the supply of new<br />
affordable housing that provides a diverse range of affordable housing options for<br />
the current and future needs of residents wishing to live in the <strong>Falkirk</strong> <strong>Council</strong> area.<br />
Procurement<br />
7.4 In terms of procurement and the efficiencies and community benefits that can be<br />
achieved through a strategic approach to it, the <strong>Council</strong> is fully committed to looking<br />
at new ways of delivering objectives and will encourage and contribute to new and<br />
innovative procurement models to ensure the best social return on investment is<br />
achieved when delivering new affordable housing.<br />
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