The TDA is responsible for delivering Torbay’s new affordable housing programme on behalf of Torbay Council.
Torbay is benefitting from a variety of flagship affordable housing schemes which are being hailed as examples of best practice in the industry. The schemes showcase design of the highest quality, with a strong emphasis on the aesthetic, in keeping with the heritage considerations of a Georgian seaside resort. Sustainable construction methods, amongst the highest to be achieved in the South West, will secure a low carbon footprint for the community as a whole and will minimise residents' home running costs. The team has already made some impressive achievements, having exceeded targets year on year since 2005. This expertise in the enabling and delivery of affordable housing schemes is available to any local authority.
The recent programme has seen the delivery of over 250 extra care units using a variety of delivery models including a joint venture. In addition, Torbay currently boasts the largest Code 5 housing development in the South West along with an innovative method of delivering adapted accommodation.
The TDA is committed to providing high quality housing for people who are unable to access or afford market housing, for example vulnerable people and key workers, as well as helping people make the step from social-rented housing to home ownership.
Affordable housing should:
- Meet the needs of eligible households including availability at a cost low enough for them to afford, determined with regards to local incomes and local house prices
- Include provision for the home to remain at an affordable price for future eligible households or, if these restrictions are lifted, for the subsidy to be recycled for alternative affordable housing provision
Three main categories of Affordable Housing:
- Homes for rent (Social Rented) – Social rented housing includes dwellings owned and managed by a Registered Provider (formerly known as a Housing Association). Properties are let with rent levels that are set nationally
- Affordable Rent – Properties are let at 80% of local market rent levels (inclusive of service charge)
- Intermediate Rent – Is provided at costs above social rented levels but below market prices. It includes shared equity schemes, low cost homes for sale and intermediate rent
Extra Care Programme
Torbay has been successful in developing its extra care programme which is helping to meet the needs of Torbay's aging population by enabling people to receive higher levels of support and care in their homes as an alternative to nursing and residential care. Dunboyne Court which completed in 2011 was Torbay's first extra care scheme. It has 37 affordable rent apartments and eight shared ownership apartments all for people aged 55+.
Hayes Road, which is our larger scheme, is now well underway in Paignton and will provide 123 units which comprise a mix of apartments, bungalows and sheltered accommodation for people aged 55 and over. With another scheme scheduled for Torquay this will take the number of extra care units to 220 in total. All of our extra care schemes have a wide range of facilities on site such as a hairdressers, laundry, restaurant and communal lounges.