1 November, 2016
bpha has joined forces with Bedford Borough Council to launch a joint campaign to help identify tenancy fraud across the borough.
The Government has recognised that social housing tenancy fraud is a national problem, with homes being illegally sublet or people lying about their circumstance to get a tenancy.
The result is that homes are occupied by people who are not entitled to live there, thus increasing demand for organisations to provide expensive temporary accommodation for families desperately in need of affordable homes.
To help tackle the problem bpha has embarked on a joint working programme with Bedford Borough Council’s Fraud Investigation Service to investigate social housing fraud within the borough.
Since the initiative started last year, 21 properties have been repossessed due to tenancy fraud, resulting in more homes being available for those in need.
In addition, four criminal prosecutions and five cautions have been taken against those involved in tenancy fraud.
By addressing the issue, bpha and Bedford Borough Council aim to increase the number of Social Housing tenancies available across the borough and take action against those who deliberately and dishonestly abuse the system for their own gain.
Councillor Charles Royden, Deputy Mayor and Bedford Borough Council’s Portfolio Holder for Environment, said: “People who sublet social housing may be committing tenancy fraud and are denying families in need of a place to call their own.”
People can report any suspicions of tenancy fraud to bpha in confidence on 0330 100 0272 or email email@example.com.
You can also confidentially report Tenancy Fraud to the council by emailing firstname.lastname@example.org or call 0800 917 8491.
26 October, 2016
bpha is pleased to announce that Jill Ainscough has been appointed as Non-Executive Director to the bpha Board and also as Chair of the Remuneration and Nominations Committee.
Jill is a highly experienced non-executive director having completed six years on the board at Sport England, including a period chairing the Audit Committee.
Jill is currently also a board member at the BMJ and was previously a non-executive director at Lakehouse Plc, where she chaired the remuneration committee.
Formerly Managing Director of Easynet, Jill joined Ofcom as Chief Operating Officer in 2007. Jill was a member of the main board covering wide ranging regulation of the communications sector and postal services. In this role she was also instrumental in delivering spectrum management for the London 2012 Olympic Games.
Jill brings with her a wide breadth of experience as an executive working in commercial and operational roles within the private and public sectors whilst contributing a sound understanding of what it means to be a good non-executive director.
Jill said: “I am delighted to be appointed to the board of bpha and I am really looking forward to contributing to the association’s work to help more people access affordable housing. As a Bedford resident, I was particularly keen to support my local community and I’m very aware of the importance of social housing in this area. ”
Kevin Bolt, Chief Executive Officer at bpha, said: “We are pleased to welcome Jill to the board of bpha. She brings a wide range of skills and experience to our Board as well as a strong local perspective. We manage just under 18,000 homes and are one of the top 30 developing housing associations in the country.
“It is important that we have a strong and experienced Board to drive the performance of the organisation at a time when the housing sector is facing a range of economic, social and legislative challenges.”
7 October, 2016
A Milton Keynes MP had a tour of bpha properties and met residents at a neighbourhood walkabout in the city.
Mark Lancaster, MP for Milton Keynes North, visited the Oakridge Park estate on Friday, October 7, along with Housing and Community Officers from bpha.
During the walkabout Mr Lancaster heard what bpha is doing to help residents and understand any issues they may have.
Mr Lancaster said: “In an expanding community like Milton Keynes a proactive approach like this to engage with residents and make them feel part of the community is something which has got to be right.
“In a new city we need to foster a sense of community and help make people feel welcome and it is reinforcing the positive fabric of our society.
“With a sense of community estates get looked after better and quality of life is better.
“Anything we can do to break down barriers has got to be a good thing and I’m viewing what the BPHA do as an example of best practice that landlords should be encouraging to happen elsewhere in Milton Keynes.”
bpha organises regular neighbourhood walkabouts across its various sites to better engage with residents and listen to their concerns.
Steve Parsons, Housing Officer for Oakridge Park at bpha, said: “These walkabouts are a visible presence if people want to come out and tell us about any issues.”
6 October, 2016
Mitsubishi UFJ Financial Group’s (MUFG) banking arm and Bedford-based housing association bpha today announce the signing of a new £75m ten-year revolving credit facility.
MUFG is one of the world’s largest and most stable banking groups. It launched a Social Housing offering last year that consists of a number of lending products, including 5-10 years’ secured lending by way of either term loan or revolving credit facility (RCF), as well as complementary business lines such as transaction banking, derivatives and capital market solutions. This deal represents a notable transaction in the sector and MUFG’s third loan to a registered provider.
The facility further builds on bpha’s work last year to increase liquidity, whereby £80m of funding was raised through the Affordable Housing Guarantee Scheme. In addition, the £100m restructuring of bpha’s derivative portfolio resulted in a significant reduction of potential mark to market exposure. This work, combined with today’s deal, ensures the continued viability of bpha’s long-term commitment to build 500-plus new homes per annum for the foreseeable future.
Robert Bartlett, Executive Director, MUFG, said: “bpha were one of the first registered providers we approached last year and we are delighted to have been able to put this facility in place. The bpha management team have given us a great deal of confidence in being able to navigate the business through the ongoing changes within the sector and we very much look forward to building a long term relationship with such an important client.”
Paul Gray, Chief Financial Officer of bpha, added: “We are delighted to have agreed this 10-year revolving credit facility with MUFG, which offered competitive terms, fitted well with our debt maturity requirements and will support our ongoing development of new homes. The team at MUFG were straightforward to deal with and we look forward to working with them in the years ahead.”
Michael Scales, Director, Infrastructure, MUFG, added: “Signing with bpha adds another strong registered provider to our expanding Social Housing portfolio. We continue to see keen interest in our RCF product on a bilateral basis and we are working on a number of other opportunities within the housing sector.”