In developing these new housing data products, CIPFA is providing English local authorities with transparent and independent analytics tools that trigger early warnings to allow for preventative measures to be put in place.
The range of CIPFA housing data tools enable practitioners to compare and contrast between the different sets of performance indicators and sector groupings.
Why use CIPFA’s Housing Data Products?
Following government announcements in 2018 to expand housing supply by removing the cap on local authority borrowing against their Housing Revenue Account (HRA), local authorities now have the freedom to re-engage and progress dormant council house building developments.
Borrowing requirements are likely to be rigorously tested against the rigidity of authorities HRA, and to aid all English local authorities and their stakeholders, CIPFA have created a range of financial and non-financial data analytics comparators specifically aimed at social housing providers in England.
This essential information for all housing professionals and regulators responsible for their HRA will enable practitioners to make comparisons between a range of performance indicators and sector groupings. By demonstrating social housing sector performance across a broad range of measures, it enables local authorities to get involved and compare results to ultimately deliver improved services and aid the effective management of fixed assets.
CIPFA’s Housing Data Products Overview
Housing Interactive Profile
Based on statutory data returns such as HRA, LAHS, RO, COR4 and RP General Accounts Statements, CIPFA’s data analysts have produced a new tool that features an interactive dashboard. This enables practitioners to draw comparisons against 40 sets of performance indicators set within the following themes:
Housing Stock | Housing waiting list | Lettings and Nominations | Vacant Dwellings | Dwelling Stock Condition | Stock Management | Rent Collection and Arrears | Right to Buy | Reserves | Repairs and Maintenance | General Finance | Rental Income | Tenancy/ Lease Holder | Grants & Support | Homelessness | Housing Benefit | General Finance | Capital Expenditure | Expenditure & Receipts
If you would like to receive a summary of the key measures that are available within the Interactive Profile, please contact the team or click here.
Housing Future Resources Model
Through CIPFA’s Housing Future Resources Model, the issue of increasing financial uncertainty for local government and the impact of recent government policy decisions on the HRA will be addressed. This new product will help organisations shape their medium-term funding outlook for the HRA well into the mid-2020s.
As 2020 approaches, finance officers and those responsible for budget setting and Medium-Term Financial Strategies (MTFSs) will be faced with difficult choices based on a number of assumptions. The need for models and tools that can help in medium-term financial planning has never been greater. Underpinned by robust trend assumptions informed by the Institute’s expertise, the Housing Future Resources Model provides a simple model for projecting HRA financial resources up to 2025.
The model is for all English local authorities who have responsibilities for providing social housing. The model projects 13 predictability measures that impact HRA the most, which are based on MHCLG-published returns such as LAHS, HRA and RO. These influential measures are organised into the following streams:
Housing Stock | Housing Demand | Stock Availability | Expenditure on Stock | Income | Reserves | Maintenance Costs
If you would like to receive a summary of the key measures that are available within the Housing Future Resources Model, please contact the team or click here.
CIPFA Housing Scorecard is unique because it has been created for local authority landlords with HRA responsibilities and does not serve the housing association sector.
It is designed to keep the HRA and housing service in check for local authorities and utilises both financial and non-financial measures. It makes use of statutory datasets, therefore no other data returns are required. Therefore, the Housing Scorecard can give the government comfort that in the self-financing regime LAs are self-regulating the HRAs to make sure that they are not too exposed, especially in terms of their borrowing and the recent announcement to remove the debt cap.
There are 19 data indicators organised under the following themes:
Reserves | Repairs & Maintenance | Debt Management | Funding | Rent Collection | Spend | Asset Valuation | Expenditure | Income Recovery | Efficiency and Quality of HRA Stock | Capital Receipts
The principles of Housing Scorecard are to ensure:
- all measurements are consistent across all councils within a tier
- the methodology used for deriving measures and calculations are transparent
- only reliable and trusted measures are used.
If you would like to receive a summary of the key measures, click here.
How to subscribe
The Housing Data Products function uses statutory data only, they do not require any input or effort from customers. Housing Data Products are an integral part of CIPFAstats and are available without charge to customers that have a current full subscription to our CIPFAstats datasets.
For those authorities that don’t qualify for free access and are interested in purchasing the Housing Data Product bundle, the fee is £1,950 plus VAT.
What's the next step?
To speak to an adviser, please click on the blue 'contact us' button and leave your details.
For more information on CIPFAstats data sets, you can download the brochure here.