The Exec Team Update December 2016

Thanks for clicking in to read this update from the Executive Team following our meeting on 30 November, 2016.
Restructure

The Executive Team would like to say thank you to everyone for your continued hard work, patience and professionalism as we have gone through our organisational restructure.

We know how challenging these last few months have been for everyone at Futures - but as you know, we have had to make difficult decisions to ensure the organisation is well placed to survive and grow over the coming years.

Every single person who has worked at Futures has contributed to creating this high-performing, award-winning organisation and it is really important to us that this is recognised.

Please watch The Hub for more information about the restructure and next steps.

Performance update

We heard updates from a number of important areas of the business including the latest void timescales, how APE continues to help us make the most of our assets and how our rent arrears are generally where we would expect them to be at this time of year.

Performance has been stable despite the transformation and change the organisation is going through. Thank you to everyone for helping us maintain our high performance.

Sharing our success

Futures Housing Group has received a G1V1 regulatory judgement from the Homes & Communities Agency - the highest possible grading.

The judgement is separate from the In Depth Assessment (IDA) we underwent earlier this year - but the result shows that Futures' governance and financial viability continues to be strong.

Our reputation for being a well-managed organisation has attracted interest from other organisations who have invited us to speak to them about our approach to IDAs.

Support services: transformation update

We received an update on the Support Services transformation which is currently underway as part of Our Futures Way.

Work is continuing to deliver the transformed independent living system. Sarah Wyke and members of the original transformation team are planning the implementation of a new Telecare system which will be introduced in early 2017.

In addition, a pilot for a well-being service is being tested in Daventry with members of the Insight Committee supporting and helping with the consultation with customers. They will also spend time at the site where testing of the new system will take place.

If you haven't already, check out this mini-documentary which tells the story of support services transformation:

Development update

Our development programme is continuing to help us offer different types of homes to a wider range of customers.

We have already delivered twice as many new homes than last year with 193 expected to have been provided by the end of the year - a fantastic achievement.

For the remainder of 2016/17, we anticipate sales income of more than £5m and more than £1m of rental income generated by end of March 2017.

We also forecast a total of 241 new homes will be approved for the following financial year.

Part of our development programme includes providing at least 15 affordable homes per year for the next 10 years for Daventry District Council, with a view to increasing the property pipeline in future years.

New group directors join in january

New Group Directors, Marcus Keys and Suki Jandu, will join the co-executive team and Board Directors at the next Board Away Day on 14 December.

The annual meeting is designed to bring together the Board and senior managers to discuss business strategy for the next 12 months and beyond.

We are really looking forward to welcoming Marcus who joins us as Group Business Growth & Transformation Director on 3 January, and Suki, our new Group Customer Experience Director, who joins on 9 January.

In other news

IN THE WAKE OF THE AUTUMN STATEMENT: We are waiting on a number of announcements from Government which will affect our business over the coming months and years.

Voluntary Right To Buy: We're still considering our policy on voluntary Right To Buy, even though it has been deferred by the Government.

Consultations: We will be consulted shortly on proposals to ban letting agents' fees, proposals for councils to do more to prevent homelessness, the Government's desire for more oversight of supported housing and freedom for Housing Association's to have more flexibility in setting and increasing rents.

Investment? We are also waiting with interest to see what new investment in homebuilding by the Government will look like.

Credits:

Created with images by Conal Gallagher - "Change" • jimmiehomeschoolmom - "bar graph of traffic" • Brad Montgomery - "News Briefs"

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