Past, present and future – the set of tools helps councils assess capital expenditure, existing stock, homelessness, valuations, depletion rates and Housing Revenue Account (HRA) reserves. The tools provide greater insight enabling better decision-making in a very challenging housing sector (see Tackling the Housing Crisis for resources, comment and our overall solutions).
Why we created CIPFA Housing 360
With rising homelessness and thousands of families living in converted shipping containers, ex-office blocks or one-bedroom flats, the demands on the housing sector are clear. In response, the UK government has taken a number of steps to encourage the expansion of housing supply, including the 2018 removal of the local authority borrowing cap, which means councils can once more build social housing.
However, as borrowing requirements are likely to be rigorously tested against the rigidity of authorities' HRAs, councils need to have as much information as possible to ensure they make the right decisions, as well as having robust controls in place. By demonstrating housing sector performance across financial and non-financial measures, CIPFA Housing 360 enables local authorities to get involved and compare results to ultimately deliver improved services and aid the effective management of fixed assets.
How CIPFA Housing 360 works
CIPFA Housing 360's transparent and independent analytics tools allow for comparisons and contrasts with other authorities. Comprehensive indicators include: resources, capacity, efficiency in managing stock such as rent arrears, homelessness, energy efficiency, and finance. In addition, a range of key sets of performance indicators and sector groupings mean early warning triggers for preventative measures can be put in place.
The suite is currently developed in Excel, although over time this will migrate to CIPFA's new web platform. The tools use statutory data only and do not require any input or effort from users.
Who is it for?
CIPFA Housing 360 helps local authority senior housing executives and housing finance professionals understand and evaluate the many complex and interconnected issues they face. It is also crucial for the wider finance function and strategic decision-makers in a local authority to address their organisation's overall financial resilience. CIPFA Housing 360 also provides housing regulators with a view of the housing sector as a whole.
"The main thing that strikes me is the vast amount of different indicators available to select in the interactive profile. This really is a comprehensive analysis of financial and non-financial data.The Future Resources Model is a great idea … I really like the housing scorecard, with the quartile analysis at the bottom. Overall all three products are easy to navigate and use."
Richard Norris, Senior Housing Finance Manager, Central Bedfordshire Council
Features of the tools
CIPFA Housing 360 is an easy-to-use self-service product, and comprises three tools:
Housing Interactive Profile
An interactive dashboard enabling comparisons against over 80 different sets of performance indicators using local authority and sector groupings. Users can view authorities, regions and authority types – such as all London boroughs – and England as a whole across the past five years. Comparisons can also be made between individual authorities.
- Access the profile with a CIPFAstats or Housing 360 subscription: log in and then download here.
Housing Future Resources Model
The model allows the user to project a range of HRA metrics forward to 2026 – this modelling is underpinned by robust trend assumptions informed by CIPFA's experts. An input option allows practitioners to create a synopsis of what-if scenarios and future predictability models across a range of indicators.
- Access the model with a CIPFAstats or Housing 360 subscription: log in and then download here.
The scorecard brings various measures, visualisations and methodologies together to create an effective tool for HRA resilience. Practitioners can select any English authority (excluding county councils) and view their results for any of the past five years. The authority can then be compared against its natural comparator group (eg a comparison of the London Borough of Camden against other London boroughs) or its nearest neighbours group. Data selected can also be exported into a separate Microsoft Excel document.
- Access the scorecard with a CIPFAstats or Housing 360 subscription: log in and then download here.
FAQs and key indicators with our Housing 360 report
For more detailed questions around the tools visit our FAQs page. To view the tools and the key measures in more detail, download our Housing 360 report [PDF, 263KB].
Subscription prices and how to access
- Full CIPFAstats subscribers: Housing 360 is an integral part of your subscription available at no additional cost. Access with your login via the links above under 'Features of the tools'. If you have trouble logging in contact firstname.lastname@example.org.
- Non-CIPFAstats subscribers: an organisational-wide one year subscription costs £2,000 + VAT. Purchase a subscription via the 'Subscribe Now' button at the top of this page.
To discuss the benefits of the tools in more detail and taking out a subscription - E: customer services or T: 0207 543 5600.