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This document presents an overview of funding types and sources available to housing associations, focusing on revenue and capital streams such as grants and loans. It explores challenges and threats, including national debt, government efficiency agendas, and competition in procurement. Additionally, it identifies opportunities for social enterprise support and innovative funding methods like social impact bonds. Key strategies include lobbying for affordable funding, engaging in consultations, and embracing good practice guidance.
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Cross Sector Supported Accommodation Working Group. Funding Strategic Issues A Housing Association Perspective Craig Sanderson Link Group/SFHA 22nd September 2010
Funding Types/Sources Revenue Capital Grants Loans ‘Europe’ Westminster Govt. Scottish Govt. Local Authorities Trusts/Charities Housing Associations themselves Others?
Threats/ Challenges National Debt / Deficit Concordat Govt. and LA Efficiencies / Savings agenda Increased Competition / ‘bulk’ Commissioning / Procurement / Tendering Council House Building Housing Association Grant cuts Welfare Benefits cuts Supporting People Funding ‘frozen’
Threats/Challenges (cont.) New / Restricted Priorities Planning eg contributions to trams, etc. Restricted / More expensive lending/grants 2012 Homelessness target 2015 Scottish Housing Quality Standard target Increased VAT Law / Regulation eg EU, FOI, DP. Withdrawal of regeneration/wider role funding Pressure to use Surpluses / Reserves for other things
Opportunities (?) Support for Social Enterprise New Capital – EIB / Pension Funds Social Investment Bank / Individuals / Social Impact Bonds Wider range eg (mid) market rent, PSL National Housing Trust Personalisation eg Self-directed Support Time Banking Comic Relief Fund Credit Unions / Airdrie Savings Bank Improve personal sustainability
Key Strategies Explore all avenues Lobby for continued affordable funding support Participation in all consultations Participation in existing and new structures – CPPs, Strategic Housing Investment Partnerships, Single Interfaces, etc. Social Accounting/Reporting eg SROI Encourage Full Knowledge and Recognition of Good Practice Guidance Joined up Thinking!