BRIEFING PAPER

Briefing paper- Peabody Housing Association



Briefing paper- Peabody Housing Association

Introduction

Peabody Housing Association is one of the prominent housing associations of United Kingdom which intends to provide social housing to the people. There are around 20, 000 homes built by the Peabody Housing Association across the London city which provides dwelling to more than 50, 000 people (Peabody, 2013). The building of new homes would provide support to the economic growth of the city and the success of the city also depends upon the affordable and good quality housing schemes. This briefing paper describes the business plan of Peabody Housing Association and the role of government in supporting the social housing schemes in United Kingdom.

Peabody Housing Association Business Plan Outline

Characteristics of the organization

The growth and financial position of Peabody Housing Association can be analyzed by the approximatelyimate size of the organization. The organization has a plan to build approximately 2, 650 homes in London according to their 2013's plan. The organization will replace the 351existign homes in Wands worth at the St John's Hill estate with new modern homes that are expected to be 500 in total. The size of the company has been increasing with the registration of 6, 500 homes in the south eastern part of London city. The property types included in the plan of Peabody Housing Association involves CBHA (Community Based Housing Association) which has been a part of Peabody Housing Association since 1996. The current statistics reveals that it holds approximatelyimately 1, 600 properties under its management that are being spread across the London Borough of Waltham Forest (Peabody, 2013).

The property types also include the subsidiaries that are wholly owned by the Peabody services Ltd and the Peabody enterprise Ltd. They are involved in the progression of the land sale and also the development of private property for residence of the people based upon the priorities and themes identified by the local residents. The conditions of dwellings are based upon high standards of health and safety for both the residents and the offices of the Peabody Housing Association. The organization has developed a safety and health strategy that addresses the issues of dwelling and provides safe and healthy living and working environmental conditions to its customers, contractors, staff and visitors. It reports the sustainability, change and mitigation in the climatic condition and its adaptation, enhancing water efficiency and affordable energy that leads towards the environment sustainability approach of the organization which it provides to the customers and other stakeholders (Peabody, 2013). The association intends to provide decent home standards in an affordable cost to the people of London. It will provide approximatelyimately 67 homes of mixed tenure nature according their recent plan (Peabody, 2013).

Capital Finance for building New Houses

Peabody has received £11.3 million of Housing Community Association grant for the tenure of 2011 till 2015 in order to build new homes. Along with this, a sum of £8 million has been added as recycled grant that lead to a total ...