Financial Statements 2020 | 13
Development
Partnerships
Accord leads the Matrix Housing Partnership which is delivering over 3,400 new homes through the Homes England 2016-2021 Shared Ownership & Affordable Housing Programme ( SOAHP ) and the Homes England Strategic Partnering funding programme . Supported by a small non grant funded programme these programmes will see Accord deliver 1,605 new homes to local communities , representing a total commitment of £ 216 million invested in new housing supply supported by £ 44 million of Homes England grant .
Performance
Key achievements in 2019-20 include :
n Brought 160 new affordable homes into management ;
n Utilised £ 20.6m of Strategic Partnership grant against eligible expenditure on behalf of the Matrix Partnership including £ 11.8m for Accord ;
n Completed 120 properties under the SOAHP programme , utilising £ 3.5m in grant in the year ;
n Named in Inside Housing ’ s Top 50 House Builders 2019 .
Investment
The Board has a strong commitment to ensuring that our existing properties are maintained to high quality and safety standards whilst balancing the need to invest in new properties to meet the critical shortage of affordable homes in our region . The organisation plans to build almost 2,000 new homes through our development programme over the next five years ; the majority of which will be for affordable rent for which there continues to be a strong demand , complemented by some low cost home ownership properties and a 90 bed specialist dementia centre . In addition over the next five years we will be investing over £ 36.5m through our planned capital programme including replacement bathrooms , kitchens , boilers and central heating systems , with similar spend planned for cyclical maintenance and compliance .
Environmental and Sustainability Commitments
Accord remains committed to being at the forefront of delivering innovative service delivery solutions which impact favourably on our environment and communities . As part of this commitment we have accomplished a number of key achievements :
n Accord became one of the first housing associations in the country to obtain the ISO14001 Environmental Management Standard . This accreditation was recertified following a successful stringent audit process ;
n Environmental factors relating to all key project investment decisions are considered by the association ’ s project approval panel ;
n We are already committed to the development of high quality , highly efficient , low carbon timber frame homes at our LoCaL Homes factory ;
n We are committed to the Government ’ s carbon neutral target to have net zero emissions by 2050 ;
n We are developing 12 “ plastic-free ” homes in the West Midlands utilising funding from the European Union Interreg North-West Europe programme ; this unique project will significantly reduce on-site construction waste .
Accord ’ s LoCaL ( Low Carbon Living ) Homes factory produces high quality , energy efficient timber frame homes from sustainable materials that are both fast to erect and environmentally friendly . In 2018 we opened a new , larger factory in order to increase production capacity and meet the growing demand for these products . 2019-20 was another successful year , producing frames and panels for 16 development sites ; nine for our own development programme and seven for external customers . In the year we delivered a “ turnkey ” solution to housebuilding , ensuring a quality product by managing the end to end development process using our in-house designers and architects , factory produced elements and overseeing the on-site construction . Our programme for 2020-21 will see us deliver over 300 completed units as well as increased production of timber frames and panels .
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