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Special Report Preview: For-sale development makes up 14% of HAs' turnover

But development revenue is static as a proportion of turnover

Development of property for sale made up 14 per cent of housing association turnover in 2016/17.

 

Social Housing analysed income from first tranche shared ownership and homes built for sale in the 2017 accounts of 139 associations in England. The figures continue a trend seen in recent years of non-social housing development sales making up a significant proportion of housing association turnover as providers look to offset the decrease in grant.

 

That said, there was no year-on-year change in development activities as a share of housing association total turnover, with 2015/16 also standing at 14 per cent.

 

Non-social housing income dropped by ....

 

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Chart

First tranche sales Non-social housing development Total development income Development activities as a share of total turnover
Income, £m Change on year Income, £m Change on year Income, £m Change on year 2016/17 2015/16
72 housing associations above £4m 1,018.9 2% 1,371.1 -4% 2,390 -1% 17% 18%
67 housing associations below £4m 74.7 -20% 6.3 -31% 81 -21% 2% 3%
Total 139 housing associations 1,093.6 0% 1,377.4 -4% 2,471 -2% 14% 14%

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