The Strategic Housing Investment Plan (SHIP) is key to shaping your region’s affordable housing future. It’s a detailed plan that sets housing investment priorities for five years. It’s made with the help of important stakeholders, showing how your local council and partners will work together to meet your community’s housing needs.
The SHIP focuses on helping Housing Associations provide homes for various needs. It also funds other housing types, like Mid-Market Rent and New Supply Shared Equity. This ensures a balanced approach to solving your community’s housing problems.
The SHIP is crucial for guiding the Scottish Government’s housing investments. It must be sent to them every year after your council approves it. By matching your local goals with the national strategy, the SHIP makes sure your community’s housing needs are met at the highest levels.
Key Takeaways
- The Strategic Housing Investment Plan (SHIP) is a comprehensive housing investment delivery plan that sets priorities for affordable housing development in your region.
- The SHIP focuses on enabling Housing Associations to provide Social Rented housing, as well as funding for other housing options like Mid-Market Rent and New Supply Shared Equity.
- The SHIP informs the Scottish Government’s housing investment decisions and must be submitted annually following Council approval.
- The SHIP plays a crucial role in aligning your local housing priorities with the national housing strategy, ensuring your community’s needs are recognized and supported.
- The SHIP is a vital tool for shaping the future of your region’s affordable housing landscape and ensuring long-term success in meeting the diverse housing needs of your residents.
Understanding the Strategic Housing Investment Plan (SHIP)
A Strategic Housing Investment Plan (SHIP) is key for affordable housing. It outlines priorities for 5 years. It helps meet goals in the Local Housing Strategy, a vital policy for Scotland’s local authorities.
What is a SHIP?
Local authorities in Scotland must create a SHIP each year. It shows how they and partners will build more affordable homes. This includes working with housing associations.
Purpose and Objectives
The main goal of a SHIP is to help housing associations build homes for rent. It also funds other housing types like Mid Market Rent. The SHIP aims to:
- Increase affordable housing supply
- Improve housing quality and energy efficiency
- Meet local community’s housing needs
- Support sustainable and inclusive communities
Aligning the SHIP with the Local Housing Strategy ensures plans meet local needs. This makes housing investment more effective.
| Key Statistics | Value |
|---|---|
| Scottish Government’s RPA for Angus | £46.799m (2021-2026) |
| Decrease in new build homes started (all sectors) | 12% (to end June 2023) |
| Decrease in new build homes started (RSL and council) | 21% and 32% respectively (national) |
| Scottish Government’s Housing to 2040 ambition | 110,000 affordable homes by 2032 |
| Designated for social rent | 70% of the 110,000 affordable homes |
The SHIP is vital for planning affordable housing in Scotland. It helps councils meet community needs. Understanding the SHIP ensures housing strategies align with national and local goals.
Funding and Investment Priorities
Funding for the strategic housing investment plan (SHIP) comes from different places. The main source is the Affordable Housing Supply Programme, managed by the Council’s Housing Services. The Council works with Housing Associations, private builders, and charities to build new affordable homes in the city.
Resource Planning Assumption (RPA)
The Resource Planning Assumption (RPA) is the Scottish Government’s funding for affordable housing. But, this funding has dropped from £752 million to £556 million. The Council faces challenges to keep delivering affordable housing projects with these reduced funds.
Council-Owned Sites
To make up for less RPA funding, the Council uses Council Tax second homes income. This income is set aside for affordable housing. It helps the Council build new homes on its own land, using the resources from Council-owned sites.
| Year | RPA Funding (in million) |
|---|---|
| 2021/22 | £19.977 |
| 2022/23 | £17.219 |
| 2023/24 | £17.170 |
| 2024/25 | £17.230 |
| 2025/26 | £17.516 |
| Total | £89.112 |
The Council’s plan aims to use all available funding and resources. It wants to deliver affordable housing that meets local needs. It also aims to tackle issues like child poverty and climate change.
The strategic housing investment plan
The strategic housing investment plan (SHIP) is key for affordable housing in our area. It sets out how we will invest in homes over the next 5 years. This plan helps the Council and its partners to build more affordable homes.
This plan is important for the Scottish Government’s housing decisions. Every year, after the Council approves it, the SHIP shows how we will tackle housing needs together.
- The SHIP helps us build affordable homes for everyone.
- It’s a tool for planning, helping us use resources wisely.
- It outlines projects to make sure our housing strategy works.
| Metric | Value |
|---|---|
| Estimated Affordable Housing Units Created | 292 |
| Proposition 123 Equity Program Funding | $21 million |
| Fall River Village Affordable Units | 66 |
| Vista at Greyhound Park Affordable Units | 120 |
| Terminal Project Affordable Units | 106 |
| Affordable Housing Financing Fund Awards | $117 million |
By updating the strategic housing investment plan regularly, we keep our housing strategy current. This ensures affordable housing development stays a priority for our community.
Affordable Housing Development
The Strategic Housing Investment Plan (SHIP) is key in creating new affordable homes. It works with Housing Associations, private builders, and charities. This teamwork helps Housing Associations build homes for rent and other affordable options.
The Council also uses Partnership Support for Regeneration (PSR) Grants. These grants help private developers build homes for sale in areas with little private housing. The goal is to offer more affordable housing and meet community needs.
- At least 50 percent of funds in the Affordable Housing Development program is designated for rural applicants.
- A minimum of 15 percent of total State HOME funds are allocated for HCD-certified HOME CHDOs (Community Housing Development Organizations).
- Eligible activities under the program include housing rehabilitation, new construction, acquisition and rehabilitation for multifamily projects, and down payment assistance for single-family projects.
- Eligible applicants comprise cities, counties, developers, Native American Entities, and potential HCD-certified nonprofit Community Housing Development Organizations.
| Statistic | Value |
|---|---|
| Proposed cuts for affordable housing programs | $1.2 billion |
| Estimated stall of affordable homes due to cuts | 6,400 |
| Projected new affordable homes with $10 billion housing bond | 28,495 |
| Estimated affordable homes preserved with the bond | 93,195 |
| Families assisted to become homeowners with the bond | 13,232 |
The SHIP is dedicated to affordable housing. The state is also making public land available for these projects. Executive Order N-06-19 and laws like AB 1486 and AB 1255 help connect developers with surplus land.
“The Strategic Housing Investment Plan is a crucial driver in expanding the supply of affordable housing options and addressing the diverse needs of our community.”
Conclusion
The Strategic Housing Investment Plan (SHIP) is key for local authorities to plan and build more affordable homes. It sets clear priorities and works with partners to boost affordable housing. This helps meet the goals of the Local Housing Strategy.
SHIP helps local authorities guide the Scottish Government’s housing investments. It ensures a flexible approach to meet the ongoing need for affordable housing. The plan’s annual updates keep it current with the changing housing needs and growing demand.
SHIP focuses on strategic planning, securing funds, and teamwork for long-term success in affordable housing. It uses new financing methods and manages risks well. This way, local authorities can provide quality, accessible housing that fits the community’s diverse needs.
Also Read: Investing Activities: Essential Insights
FAQ
What is the purpose of the SHIP?
The SHIP’s main goal is to increase affordable housing. It aims to help Housing Associations build homes for rent. It also funds other housing options like Mid Market Rent and New Supply Shared Equity.
Where does the funding for the SHIP come from?
The SHIP is funded by the Affordable Housing Supply Programme. The Council also uses Council Tax income from second homes. This income is set aside for affordable housing on Council sites.
How does the SHIP facilitate the development of new affordable homes?
The SHIP helps build new affordable homes through partnerships. It works with Housing Associations, private builders, and charities. This includes funding for Social Rented housing and other options like Mid Market Rent and New Supply Shared Equity.
