May 2018 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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