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SP - Glossary

Accounting Period

The period to which the RP's income and expenditure account relates.

Acquisition

The completion date of contracts to purchase land or property

Affordable Housing

Affordable housing includes social and affordable rented and intermediate housing, provided to specified eligible households whose needs are not met by the market. Affordable housing should:

  • Meet the needs of eligible households including availability at a cost low enough for them to afford, determined with regard to local incomes and local house prices.
  • Include provision for the home to remain at an affordable price for future eligible households or, if these restrictions are lifted, for the subsidy to be recycled for alternative affordable housing provision

Affordable Homes Programme (AHP)

The Agency’s main funding stream for affordable housing for 2011-15, which aims to increase the supply of new affordable homes in England.

The majority of the homes built will be made available as Affordable Rent, with some funding for Affordable Home Ownership, Supported housing, and in some circumstances Social Rent (please see definitions below).

Affordable Home Ownership

A general term used to describe the various types of funding home ownership with subsidy, such as the different forms of HomeBuy and RTA.

Affordable Rent

A form of social housing, involving homes being made available at a rent level of up to 80% of market rent (inclusive of service charges); the principal product available as new supply thorough the Affordable Homes Programme in 2011-15. 

(The) Agency

The Homes and Communities Agency or its duly appointed agent.

Arms Length Management Organisation (ALMO)

A body set up by some local authorities to take over the day-to-day running of their properties and bring social housing up to a decent standard, separating the landlord role from their wider strategic function in order to improve the quality and management of their housing.

Business Expansion Scheme (BES)

A tax efficient vehicle used for funding housing and other types of business. No longer available

Brownfield

A piece of land which has been previously developed for a use other than agriculture or forestry and which has one or more permanent structures on it. These sites can be in urban and rural areas and examples include industrial sites, defence buildings and land used for mineral extraction and waste disposal.

Code for Sustainable Homes (CSH) 

An environmental assessment method for new homes based upon BRE Global's Ecohomes and contains mandatory performance levels (please see the BREAM website for details). In April 2007, the Code for Sustainable Homes replaced Ecohomes (please see definition below) for the assessment of new housing in England.

Commission for Architecture and the Built Environment (CABE)

Organisation which aims to improve peoples' lives through better buildings, spaces and places. CABE promotes high standards in the design of buildings and spaces between them, helping and advising those who create, manage and use the built environment.

Committed Programme

Schemes approved in previous years.

Compliance Audit

The procedure by which the independent auditors of RPs that are subject to a PPA and/or the Agency’s local Design & Standards Managers check the quality and procedural compliance of schemes developed by RPs. Every RP that is subject to a PPA with a grant-funded programme is audited every year, whilst specialist RPs are audited at least every two years.

Compulsory Purchase Order (CPO)

An order under either Housing or Planning Acts to allow property to be compulsorily purchased by a public body.

Cost Floor

In the context of the Right To Buy, those costs in respect of the Dwelling, which are treated as incurred after 31 March 1974 and relevant in accordance with the Secretary of State's Determinations made under Section 131 of the Housing Act 1985 as amended by Section 122 of the Housing Act 1988. In cases where the Landlord's notice under Section 125 of the 1985 Act is issued after 9 March 1989, the Secretary of State's Determination made in March 1989 shall apply.

(The) Corporation

The Housing Corporation - historical reference to one of the Agency’s predecessor bodies. Where this occurs in this Guide it should normally be taken to mean the Homes and Communities Agency. However, in the context of Regulation, DPF or section 172 consent, when it will refer specifically to the Regulation arm of the HCA, otherwise known as the Regulator.

Disabled Facilities Grant (DFG)

Government funding to local housing authorities to provide and improve adaptation services to disabled people enabling them to continue to stay in their own homes.

Deemed Loan Debt (DLD)

This is the amount of the Total Capital Costs of scheme not funded by either:

  • public capital subsidy (Grant/RCGF/DPF plus any Other Public Subsidy)
  • Sales receipts (if applicable) or
  • the RP’s own resources

If the project includes more than one property, the Deemed Loan Debt must be apportioned between them using the same formula as that used to apportion the Capital Grant. This formula must not be altered by adding, for example, any penalty charged by a lender for premature redemption of a loan, or substituting the actual loan debt should it be greater.

Department for Communities and Local Government (DCLG)

The central government department responsible for housing policy and Agency's sponsor. Previously known as Office of Deputy Prime Minister.

Designated Protected Areas

A principle introduced by The Housing (Shared Ownership Leases (Exclusion from Leasehold Reform Act 1967) (England) Regulations 2009 with effect from 7th September 2009, to assist the retention of shared ownership property in hard to replace areas (e.g. those exempted from the Right to Acquire) by either restricting staircasing or requiring the leaseholder to sell back to the landlord.

Designated Protected Areas Repurchase

Repurchase of grant funded shared ownership property originally built subject to the Agency’s Protected Areas policy (please see Protected Areas above) by the landlord or a suitable nominated organisation. Where alternative means of funding have been robustly explored, the Agency will fund the repurchase of eligible Protected Area grant funded shared ownership property.

Disposal Proceeds Fund (DPF)

An internal fund within the accounts of an RP allowing the re-use of the Net proceeds of sales under Right To Acquire (RTA) and Social HomeBuy (SHB) procedures.

Dwelling

This is defined in section 275 of the Housing and Regeneration Act 2008 as a building, or part of a building occupied or intended to be occupied as a separate dwelling, together with any yard, garden, outhouses and appurtenances belonging to it or usually enjoyed with it.

EcoHomes

Building Research Establishment (BRE) rating for environmental sustainability. In most cases, this is now superseded by the Code for Sustainable Homes above.

English Partnerships (EP)

The former national regeneration agency, supporting high quality sustainable growth. Now part of HCA. Focused on: sustainable regeneration through initiatives such as Urban Regeneration Companies and National Coalfields programme; housing (working with the Housing Corporation to relieve market pressure), increasing affordability and tackling housing abandonment; strategic brownfield redevelopment (developing and maintaining a national brownfield strategy as well as acquiring and redeveloping brownfield land); best practice (creating forums for sharing expertise in regeneration and development).

Estate Renewal Challenge Fund (ERCF)

Form of capital subsidy paid to an RP (ex-RSL) which has taken on stock transferred from a local authority under the ERCF programme. This is a historic funding stream, and is not available under the current programme.

European Regional Development Fund (ERDF)

A form of public subsidy.

Existing Satisfactory Purchase (ESP)

A form of acquisition for rent using grant where little or no repair, replacement or improvement work (i.e. approximately £1500 or less) is required to provide suitable housing.

Final Cost (FC)

The Final Cost stage grant claim, triggered by the issue of a Certificate of Practical Completion, or Certificate of Partial Possession (or equivalent), when all the properties are handed over by the contractor to the RP. A Certificate of Partial Possession (or equivalent) may be issued when all units are handed over to the RP but some work, like landscaping, remains to be completed.

Framework Delivery Agreement

Contract between the Agency and delivery partners, detailing the terms and conditions under which capital grant for Affordable Homes Programme purposes is paid.

Flexible Tenure

The use of RCGF by an RP (ex-RSL) to repurchase some, or all, of a leaseholder’s shares where the leaseholder is in mortgage difficulty. Sometimes known as reverse or downward staircasing (see also – Leasehold Repurchase).

Grant Agreement

Contract between the Agency and those unregistered bodies developing schemes with funding allocated prior to the Affordable Homes Programme 2011-15.

Grant Index

A tool used for assessing the quality-weighted value for money provided by bids to the NAHP 2006-08 and 2008-11.

Housing Association as Managing Agents (HAMA)

Accommodation managed by an RP as an agent for the owner.

HAMA Plus

Accommodation managed by an RP as an agent for the owner and improved with capital grant under the former HAMA Plus initiative

HomeBuy

Since April 2006, HomeBuy is the generic name for a suite of Affordable Home Ownership products (Shared ownership, Equity Loans, New Build HomeBuy, Social HomeBuy Open Market HomeBuy, and HomeBuy Direct) designed to help social tenants and others in priority need purchase a suitable home. These products were launched within the NAHP for 2006-08, with HomeBuy Direct being available from February 2009.

There have been various other products named Homebuy available prior to April 2006. See previous glossaries for the definition.

The forms of Homebuy that were in operation before April 2006 are referred to with a capital H and lowercase b (Homebuy), whilst versions of HomeBuy in operation since April 2006 use a capital H and a capital B – as in HomeBuy. A small but important change!

HomeBuy Agents

The Homes and Communities Agency currently has a network of 15 Local HomeBuy Agents providing coverage across England. The network provides a one stop shop for potential buyers looking to access affordable home ownership.

Developing RPs must enter into and sign up to the Service Level Agreement with the HomeBuy Agents that operate in the localities where they are developing.

HomeBuy Direct

Available under the 2008-11 NAHP and Kickstart, an Affordable Home Ownership product designed to help eligible deposit constrained applicants to buy a newly built property on selected sites with the assistance of two equity loans. The equity loans are of equal amounts, one funded by the Agency and one by the Developer, to be used by applicants in addition to their conventional mortgage loan and any savings.

Hostel

This is defined in section 63 of the Housing Act 1996 as a building in which is provided for persons generally or for a class or classes or persons:

  • Residential accommodation otherwise than in separate and self-contained premises; and
  • Either board or facilities for the preparation of food adequate for the needs of those persons, or both.

Housing Association Grant (HAG)

Housing Association Grant, paid between 1974 and 1996. See SHG and SHA.

Housing Benefit (HB)

A government benefit which pays all or part of the rent and service charge for a property.

Housing  for Older People

Accommodation specifically for older people which either incorporates a range of basic facilities and special design features or are specially designated housing for older people. The distinctive design features should be over and above lifetime homes adaptations to general needs properties. The age of tenants actually resident is not a defining feature.
HCA divides housing for older people into three types:

  • Housing for older people (all special design features)
  • Housing for older people (some special design features)
  • Designated supported housing for older people

See Procurement and Scheme Issues 3.6 for definitions of supported housing and housing for older people stock.

Housing for sale

A general term covering mixed funded shared ownership and rehabilitation for outright sale schemes.

Housing Market Renewal Fund

Government funding to tackle low demand in areas where the housing market is thought to be failing.

Housing Market Renewal Pathfinder (HMRP)

See Pathfinder.

Housing Quality Indicator (HQI)

A comprehensive set of measures used to evaluate existing and planned housing developments on the basis of quality as opposed to simply cost. The indicators cover the location, the design and the performance of the housing project – these 3 categories produce 10 'Quality Indicators' that make up the HQI system. The Agency requires that HQIs are used for all grant funded new developments – developing organisations submit HQI data to a national database, managed as part of the Agency’s Information Management System (IMS).

Investment Management System (IMS)

The Agency’s computer system for:

  • The processing of schemes and payments of grant
  • Data collection for RCGF spend without new grant and
  • End of Year Returns for the RCGF and DPF
  • All RP Milestone notifications and payment claims for grant must be submitted onto IMS via the Internet.

Intermediate Housing

Housing at prices and rents above those of social rent, but below market price or rents. This includes Shared Ownership (previously New Build HomeBuy), Equity Loans Social HomeBuy and Affordable Rent.

Intermediate Rent

A sub-market rental scheme available under the 2008-11 NAHP for keyworkers and others where the rent is to be no more than 80% of local market rents. Typically it was offered on Assured Shorthold Tenancies, and is not to be confused with Affordable Rent (please see definition above) which is available with a range of tenancy options and is made available to tenants on the same basis as Social Rent.

Independent Qualified Valuer

The District or Borough Valuer or a professional associate or fellow of the Royal Institute of Chartered Surveyors or any successor body or bodies thereof, who is not employed by, or acting on behalf of, or a member of the family of, the person or organisation selling or transferring or purchasing the property or land being valued. 'Member of the family' is defined in section 62 of the Housing Act 1996 (as amended by the Civil Partnership Act 2004) as spouse of that person, or living together as husband and wife, or that person's parent, grandparent, child, grandchild, brother, sister, uncle, aunt, nephew, or niece. A relationship by marriage is the same as by blood, half-blood as whole-blood, and stepchild as child.

Incorporated Society of Valuers and Auctioneers (ISVA)

The professional institution for valuers and auctioneers.

Keyworker Living Programme

A discontinued programme operating in the South East, East and London regions in the 2004-2006 and 2006-2008 NAHP to provide rental, and owned homes to defined key workers i.e. those listed in the Key Worker Living chapter, paragraph 2.2 of the 2010-11 AHCFG.

Large Scale Voluntary Transfer (LSVT)

Whole or partial transfer of the housing stock from a local authority to an RP (ex-RSL). This can take two forms:

  • Transfer to an existing RP 
  • Transfer to a new RP established specifically to take the transfer, either as an independent RP (ex-RSL) or as part of an existing RP group.

Lead Provider

Where a number of RPs have formed

  • A partnership to develop schemes under the Partnering Programme route in the NAHP 2008-11; or
  • A consortium under the 2011-15 AHP

one RP  is required to undertake the role of Lead Provider The Lead Provider will be deemed responsible to the Agency for a number of additional responsibilities and obligations on behalf of the other RPs within that partnership. These responsibilities are referred to in the Partnering Programme Agreement.

Leasehold Repurchase

The repurchase by a RP of some, or all, of the leaseholder’s shares in a grant funded shared ownership property, potentially with new grant. Includes New Build HomeBuy where the leaseholder is in mortgage difficulty, Rural Repurchase and Protected Area Repurchase (see also – Flexible Tenure).

Letting

This includes a sub-lease, sub-tenancy, or licence and an agreement for a lease, tenancy, licence, sub-lease, or sub-tenancy.

Local Authority

This is defined in section 106 of the Housing Associations Act 1985 as “a county, county borough, district, or London borough council, the Common Council of the City of London or the Council of the Isles of Scilly and in S84(5) includes a joint authority established by Part IV of the Local Government Act 1985 and the London Fire and Emergency Planning Authority and in section 85(4) includes such a joint authority as  the London Fire and Planning Authority and a police authority established under section 3 of the Police Act 1996 and the Metropolitan Police Authority.”

Local Enterprise Partnerships

Locally-owned partnerships between Local Authorities and businesses, playing a central role in determining local economic priorities and undertaking activities to drive economic growth and the creation of local jobs.

Local Investment Plans

Plans created by Local Authorities following engagement with the Agency. Full details are available on the HCA website.

Low Cost Home Ownership (LCHO)

Former term for Affordable Home Ownership.

Major Repairs Works

Works, other than improvements or cyclical maintenance, to a dwelling owned by an RP in order to ensure the continued habitability of the dwelling. Part of the Miscellaneous Works category.

Market Value

A formal valuation method set out in the RICS's Red Book.

Mixed Funding (MF)

The generic term to describe the combination of Social Housing Assistance and private borrowing. See also Rent Mixed Funding.

MF Rent

Mixed funded rent.

Modern Methods of Construction (MMC)

A broad category of building methods that are designed to be more efficient and effective ways of constructing buildings than traditional methods (brick and block). Examples embraces a variety of build approaches including OSM, 'TunnelForm' and H&H Celon 'Thin joint blocks'.

Mortgage Rescue

Operational from January 2009, this product aims to assist eligible homeowners to avoid repossession.  There are 2 products:

  • Government Mortgage to Rent, whereby a home owner sells their property to an eligible provider and becomes a tenant and
  • Shared Equity where a home owner sells part of their equity to an eligible provider but still remains the owner.

National Affordable Housing Programme (NAHP)

The name given to the Housing Corporation’s main investment programme for  2006-2008 and 2008-2011. Previously it was known as the Approved Development Programme (ADP). From 01 December 2008, this became one of the HCA’s programmes. From April 2011, the programme has been superseded by the Affordable Homes Programme (AHP – please see definition above), which runs from 2011-2015.

National Audit Office (NAO)

A non-departmental public body responsible for auditing public bodies and producing value for money reports on the implementation of government policy.

National Housing Building Council (NHBC)

A provider of warranties against defects in new build housing.

National Planning Policy Framework (NPPF)

The NPPF replaces Planning Policy Statement 3 (please see entry below) from 27 March 2012 and includes in Annex 2 Glossary of terms a definition of Affordable Housing split into; Social rented, affordable rented and intermediate housing.

New Build HomeBuy

The brand name for the Shared Ownership product, which was available between 2006 and 2011. See Shared Ownership, and also entries for Protected Areas, Protected Areas Repurchase and Rural Housing.

Open Market HomeBuy (OMHB)

A former Affordable Home Ownership (AHO) product that helped purchasers to buy a property outright on the open market, with the assistance of one or more equity loans in addition to their mortgage loan.

Other Public Subsidy (OPS)

That part of the capital cost of property met by funds from a public body other than by SHA e.g. Local Authority, Health Authority, etc. It may be free or discounted land or a cash contribution.

Off Site Manufacturing (OSM)

The term used to cover all forms of construction where a significant part of the process takes place in a factory rather than the building site. This can range from wall sections to entire pre-finished room modules. See also MMC.

Partner Status

The status of any RP (ex-RSL) bidding through the PPA route (see above).

Participating Lender (eOMHB)

One of four banks or building societies, approved by the then Housing Corporation, who were formerly willing to provide equity loans for this programme.

Pathfinder Projects

Projects to cover areas most acutely affected by low demand and abandonment in order to return these areas to sustainable communities. The pathfinder will restructure the areas' housing markets to ensure there is a more sustainable balance between housing supply and demand and address any other social and economic regeneration issues. The Agency is represented nationally on the Pathfinder steering group and regionally at Pathfinder board meetings. The Pathfinders cover: Birmingham and Sandwell; East Lancashire: Humberside; Manchester and Salford; Merseyside; Newcastle and Gateshead; North Staffordshire; Oldham and Rochdale and South Yorkshire.

Planning Policy Statement 3 (PPS3)

This sets out the Government's policy on a range of issues relating to planning in the provision of housing. Published in December 2006 and republished in June 2011 to account for the introduction of Affordable Rent. Replaced by the National Planning Policy Framework (please see entry above).

Post Sales HomeBuy Agent  

The single national agent appointed to collect fees and equity loan redemptions in respect of HomeBuy Direct, FirstBuy, First Time Buyer Initiative and the London Wide Initiative.

Practical Completion (PC)

Practical Completion is reached when the works are completed in accordance with the terms of the PPA or the FDA for schemes being delivered under the 2011-15 AHP as being fit for occupation as a residential development, in accordance with NHBC requirements,  and are sufficiently free of defects that the employer (the RP) is willing to accept the properties as operational i.e. able to be used.
 
A Certificate of Partial Completion may be issued when all the dwellings are handed over to the RP but some external works are incomplete, such as landscaping or boundary walls.

For schemes funded under the 2011-15 AHP, PC will:

  • Exclude minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without interfering with the beneficial use and enjoyment of the firm scheme; and
  • Trigger the outstanding portion of grant (or 100% of the grant if no SOS payment has been made).


For schemes funded under the 2008-11 NAHP, PC will trigger payment of the outstanding portion of grant.

Priority Investment Area (PIA)

Applicable for shared ownership schemes, a PIA is defined by local offices of the Agency. It is either an urban or rural area of housing stress which ranks for priority investment of public funds, particularly for rehabilitation projects.

Programme Partnering Agreement (PPA)

Funding arrangements via which the great majority of the Agency’s NAHP 2008-11 is channelled through organisations (which may be consortia) which have met specific criteria).

Prospective Rents

The rent which an RP, on the basis of its rent policies and business plans, would expect to charge at first letting for the house types in the schemes for which it had bid. This would also be the rental figure indicated in the bid itself.

Protected Areas

A principle introduced by The Housing (Shared Ownership Leases (Exclusion from Leasehold Reform Act 1967) (England) Regulations 2009 with effect from 7th September 2009, to assist the retention of shared ownership property in hard to replace areas (e.g. those exempted from the Right to Acquire) by either restricting staircasing or requiring the leaseholder to sell back to the landlord.

Protected Areas Repurchase

Repurchase of grant funded shared ownership property originally built subject to the Agency’s Protected Areas policy (please see Protected Areas above) by the landlord or a suitable nominated organisation. Where alternative means of funding have been robustly explored, the Agency will fund the repurchase of eligible Protected Area grant funded shared ownership property.

Public Sector Body

A local authority, health authority, new town corporation, a nationalised industry, a Government Agency, an urban development corporation, the Crown, a housing action trust and a residuary body.

Public Sector Subsidy

A term from the Framework Delivery Agreement (see definition above), referring to all public money (whether from the Agency or any other body) received in respect of a scheme. Please see the relevant FDA for full details.

Purchase and Repair (P&R)

The RP (ex-RSL) acquires a second-hand property for rent, or sale as shared ownership, and the cost of essential repairs is less than £10,000 but more than £1,500.

Qualifying Lending Institution

Qualifying lending institutions are organisations who are authorised under the Financial Services and Markets Act 2004, and who have permission to enter into regulated mortgage contracts.

The Financial Services Authority (FSA) keeps a register of authorised firms on its website along with a list of “permissions,” i.e. activities an authorised firm has permission to undertake. The register can be found at on the FSA website and accessed via the lenders name and reference or postcode. 

Quality Assurance and Impact Visits 

Assessment carried out by the Agency to help assess the effectiveness of investment decisions and to see if scheme objectives envisaged at bid stage are later achieved.

Recovery Determination 

A legal document setting out the Agency’s principles for the recovery of grant. Available in Grant Recovery section 1.

Recycled Capital Grant Fund (RCGF)

An internal fund within the accounts of an RP used to recycle historic grant receipts in all their forms, such as HAG/SHG/SHA in accordance with Agency policies and procedures.

Registered Provider (RP)

Any organisation, not for and for profit, registered with the Regulator as a provider of social housing. This can include Housing Associations, Local Authorities and private companies.

Registered Social Landlord (RSL)

A Housing Association or a not-for-profit company formerly registered with the Regulator to provide social housing. RSLs registered with the TSA immediately prior to 01 April 2010 become Registered Providers (RPs) - please see definition of RPs above.

Regulation Committee (referred to as the Regulator)

The Regulation arm of the HCA, responsible for economic regulation (and consumer regulation in cases where there is a serious danger to tenants’ health) of social landlords in England. Replaced the Tenant Services Authority (see entry below).

Regulator’s standards

The Regulator’s governance, management & operational expectations of RPs that apply from 1 April 2012. Replaced the Regulatory Code – see entry below.

Regulatory Code

The Regulator’s governance, management & operational expectations of RPs that applied until 1 April 2010. Replaced by the Regulator’s standards – see entry above.

Re-improvements

Work to property in the RP's ownership which was originally produced with public sector funding. The re-improvement work can be improvements or conversion, and be sufficient to justify an increase in rent. If no rent increase is justifiable, the work is likely to be classed as Major Repairs.

Relevant Date

A Grant Recovery term. The date on which repayment of Capital Grant is due, according to timetables published by the Agency from time to time.

Relevant Event

Any event relating to property or land funded the Agency, which the Recovery Determination specifies as being a trigger for grant recovery i.e. repayment or recycling of grant.

Rent Influencing Regime

The process by which the Regulator seeks to bear down on rent increases through the issue of a guideline limit for rent increases, and influence rent levels through the rent restructuring framework.

Rent Mixed Funding

Schemes made available through RPs or others that provide permanent housing for rent at Target rent levels, funded partly from SHA or other public subsidy and partly from private loans.

Rent Programme

A general term covering housing for rent (MF Rent). It includes Works to the RP's (ex-RSL's) Stock and Temporary Social Housing (TSH).

Rent Restructuring Framework

The Regulator's framework to meet the Government's objectives for all social rent setting based upon relative property values, local earnings and property size. It applies to Council and RP housing.

Resource Expenditure Limit (REL)

The annual financial resource (cash payments and year-end accruals) available to the each local office to finance its programme.

Restructured Rents

From April 2002 rents are calculated according to a formula based on relative property values, local earnings and property size. Restructured rents are calculated using the formula and data set out in the DCLG's Guide to Social Rent Reforms. Circular R2-27/01 Rent Influencing Regime - Implementing the Rent Restructuring Framework also sets out the calculation for target rents.

Right to Acquire (RTA)

Under the Housing and Regeneration Act 2008, specified tenants of specified RP rented stock developed with SHG/SHA (but not HAG) have the legal right to purchase their home.

Rural Housing

The Agency defines rural housing as being social housing delivery in settlements with a population of below 3,000. See also Protected Areas and Protected Areas Repurchase.

Scheme Development Standards (SDS)

A set of design standards published by the Agency setting out the essential and desirable standards for grant-funded property acquired or developed by the RP. Applicable to schemes bid for in the 2004-06 and 2006-08 programmes, which may still be completing.

Section 106 Agreement

A contract entered into by a local planning authority and a property developer under section 106 of the Town and Country Planning Act 1990 under which the developer agrees to provide defined facilities, such as affordable housing, as part of the proposed development.

Such planning obligations are often used as a legally binding agreement between a local authority and developer to deliver additional affordable social housing within a development.

Self Build or self-build

Self Build refers to a housing development for outright sale undertaken by a mutual co-operative Self Build Group, with sale permitted only to members of that group.  This was a historic Housing Corporation funding stream under the National Loan Fund. 

The term self-build refers to funding to an RP for Affordable Rent or Affordable Home Ownership under the AHP. The RP seeks funding for the product in the normal way, but the construction is undertaken by self-builders instead of by a commercial house builder. The self-builders’ physical contribution to the construction is reflected in what is referred to as ‘sweat equity’. The ‘sweat equity’ can then be offset against an equivalent ‘share’ in a shared ownership property, or the first option on any property developed for Affordable Rent.

Shared Housing

Residential accommodation other than in separate and self-contained premises.

Shared ownership

Housing sold on a part rent/part sale basis. The shared owner buys a percentage of the property, funded by a mortgage and/or savings. The remaining percentage is still owned by the developing organisation who charges rent on it. Under the AHP 2011-15, Shared Ownership is also the brand name for this tenure, replacing New Build HomeBuy (please see definition above). Please see also entries for Protected Areas, Protected Areas Repurchase and Rural Housing.

Short Life project

Property brought into short term use for a period of between 2 and 10 years which was not owned by the RP (ex-RSL) prior to such use and which otherwise would have remained vacant. Last funded in 2004. However, please see Temporary Empty Homes and Temporary Social Housing below.

Social HomeBuy (SHB)

Scheme introduced in April 2006 to allow RPs and LAs to voluntarily dispose of their rented housing at a discount, which is linked to the RTA discount in the local area, to secure tenants to purchase either outright or on shared-ownership terms.

Social Housing

Low cost rental accommodation and low cost home ownership as defined by sections 68-70 and 77 of the Housing and Regeneration Act 2008. Aimed at people whose needs are not met by the commercial market.

Social Housing Assistance (SHA)

Capital grant provided by the Agency to fully or partially fund Registered Providers when developing social housing as defined within the Housing and Regeneration Act 2008. SHA is paid under S19(6) of that Act and replaces Social Housing Grant paid under S18 or S27A of the Housing Act 1996.

Social Housing Grant (SHG)

Capital grant provided by the Agency to fully or partially fund Registered Providers who were formerly Registered Social Landlords or those paid via a  Grant Agreement – see definitions above) when developing social housing, under S18 or S27A of the Housing Act 1996. It replaced Housing Association Grant (HAG), a similar capital grant paid under previous legislation. From 01 April 2010 no new allocations of SHG will be made; subsequent allocations of capital grant are to be paid as Social Housing Assistance (SHA – see definition above).

Social Rent

Social housing available for rent at or close to Target rents on the basis of the Rent Influencing Regime Guidance.

Specialist Route

The former process under the 2008-2011 NAHP for obtaining funding for organisations without Partner Status.

Start on Site (SOS)

For schemes being delivered under the 2008-11 NAHP, the Start on Site grant claim is triggered by the building contractor taking possession of the site or property, and the RP & builder having both signed the building contract.

For schemes being delivered under the 2011-15 AHP, the above requirements apply, but there is an additional condition that SOS works must also have commenced. For details of SOS works, please see the Definitions section in the relevant FDA and Finance 3.4.3 and 3.4.4.

Supported Housing

Supported Housing is accommodation provided for a specific client group to enable them to adjust to independent living or to enable them to live independently. The term supported housing applies to purpose-designed or designated supported housing. See Procurement and Scheme Issues 3.6 for definitions of supported housing and housing for older people.

Sustainable Development

Development that balances the environmental, social and economic needs of the present generation, without compromising the ability of  future generations to meet their own needs.

Target Rent

The rent which is derived by applying the formula set out in the guidance in Circular 27/01.

Temporary Empty Homes (TEH) 

A product available under the AHP 2011-15 to help RPs bring into use at affordable rents, accommodation acquired on a temporary basis with a life of more than 5 but less than 30 years.  Replaced Temporary Social Housing (see below).

Temporary Social Housing (TSH) 

A product available under previous programmes to help RPs bring into use at sub market rents, accommodation acquired on a temporary basis with a life of more than 2 but less than 30 years.  Replaced by Temporary Empty Homes (see above). No longer available.

Tenant Services Authoritiy

The former national regulatory body for social housing landlords and standards for tenants. Replaced by the HCA Regulation Committee from 01 April 2012 (please see Regulation Committee entry above).

Valid Valuation

A valuation dated no more than three months before the date of exchange of contracts to sell a Property or land, or the period of validity stated in the valuation, or the shared ownership lease if applicable.

Works Only New Build

A new build development on land in an RP's ownership which has previously had the support of public sector funding/grant. It can also be the demolition and redevelopment of property owned by the RP whether or not the property was originally public-funded. The prior permission of the Agency is needed if Grant funded property is to be demolished.

Works Only Rehabilitation

Works to property in an RP's ownership that has previously had the support of public sector funding/grant.

Works to RP Existing Stock (WTRPES)

A NAHP term covering Miscellaneous Works, Works Only Rehabilitation and Re-improvement.
 

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