On the 14 July the Government announced details of almost 150 housing associations, local authorities, house builders and other providers who had successfully bid for a share of an estimated £1.8 billion investment programme, to deliver 80,000 new affordable homes under the Affordable Homes Programme
The Government has set ambitious targets, promising to deliver 170,000 new affordable homes. There will be an expectation that providers will deliver projects on time and within their allocated budgets. DMH Stallard will be covering the key issues that successful bidders should consider to ensure that they can meet the terms of their funding contracts.
DMH Stallard's report is set to cover:
Framework Delivery Agreements
The HCA has already made changes to the first draft published in July. We will consider the key contractual terms which will be essential for the successful delivery of your project.
Joint Ventures and Special Purpose Vehicles
Providers must satisfy “Investment Partners Qualifications”. We will highlight some alternative approaches to funding using JVs and SPVs.
Project Management
When the time comes to deliver the project, providers must be equipped with the right property and planning advice to ensure they meet their obligations. We will highlight some of the key areas to consider.
Looking forward
We will examine how providers can continue to deliver revenue streams from their housing stock and protect their exposure to risk, once they become occupied.
Should you require any further information then please contact Jenny Thorp or by telephone on 01293 60501.
To view our article on the progress of the Localism Bill which relate to Housing and Planning, click here.
_________________________________________________
FOR FURTHER PRESS INFORMATION PLEASE CONTACT:
Scott Garner Tel: 01293 663532
Email : scott.garner@dmhstallard.com
Head of Business Development
About DMH Stallard Public Sector Group
DMH Stallard is one of the leading providers of legal services to the public sector in the UK. We work in partnership with local authorities, central government departments, registered providers of social housing, charities, NHS trusts, education establishments and other public sector bodies. Our sector expertise means we fully understand the challenges our clients face, their statutory limitations, powers and duties.
We are acutely aware of the key issues surrounding the drive to reduce expenditure and are considered thought-leaders in this subject. We are leading the debate on key issues such as Shared Services, Total Place and Step-Change Management.
Our multi-disciplinary team of experts have been working with the public sector for over ten years and advise on administrational and local government law and on strategic and operational issues
Our expertise includes:
• Admin and Local Government Law
• Commercial, Contracts, IP & IT
• Construction
• Dispute Resolution including Judicial Review
• Debt Recovery
• Employment
• Housing
• Planning and Highways
• Procurement
• Property, Regeneration & Development
• Prosecutions
• Public Finance
DMH Stallard is ranked top in the South by Chambers and Partners 2010 for its Local Government practice and recognised as a leading provider across the UK
About DMH Stallard LLP
Described as ‘business people who happen to be lawyers’ DMH Stallard is a law firm that quickly gets to the heart of the issue to provide the right commercial response for its clients.
The firm operates in the mid-market acting for larger private companies, plcs, banks, private sector clients, entrepreneurs and high net-worth individuals.
Its 54 partners and 250 staff operate from prestigious offices in London, Gatwick and Brighton.
DMH Stallard was named Best Managed Firm 2007 at the MPF European Practice Management Awards.
