UK Government investment supports M&G Shared Ownership Fund The Government’s housing agency, Homes England, has agreed a £10 million investment with M&G Investments to support the launch of its new Shared Ownership Fund.Homes England’s commitment to the fund is part of its aim to provide investors with greater confidence that housing, including shared ownership, has strong government backing and can play a more prominent part in residential investment strategies.The recoverable investment from Homes England will help accelerate the delivery of 2,000 affordable homes through M&G’s partnership with The Hyde Group. The partnership will provide Hyde with the capital to grow its development ambitions and build additional homes in the areas it serves.The fund has so far attracted £215m of initial investment from two local authority pensions schemes, Hyde and two M&G client funds. The fund forms part of M&G’s established residential platform, alongside the £1 bn UK Residential Property Fund established in 2013.Homes England is keen to support the growth and evolution of housing in institutional portfolios. This is the second time that the government’s housing agency has supported M&G, after it provided funding for the construction of over 500 private rental homes, which were subsequently acquired by M&G’s UK Residential Property Fund in 2013. The establishment of funds such as the M&G Shared Ownership Fund provide institutional investors with the structures they need to invest in affordable housing.Gordon More, Interim Chief Executive at Homes England, said:“Securing new institutional capital to increase the delivery of new affordable homes is a priority for Homes England. Today’s investment is a signal to both domestic and international institutional capital that the government supports sustainable long-term investment in affordable housing to meet the needs of communities across the country.“M&G has been innovative and successful investing in both market rent and affordable housing. We welcome the opportunity to work with M&G again and to support our Strategic Partner, Hyde. We look forward to seeing the fund grow and provide access to high quality new homes.”Alex Greaves, Head of Residential Investment at M&G, said:“Well managed shared ownership is a brilliant first step onto the housing ladder for aspirational homeowners. As trusted investors with access to deep pools of client capital, we are fully committed to innovating and improving standards – adding scale and efficiency to the Fund – as we have done in the private rented sector.“Working in partnership with Homes England is a great example of how the private and public sector can combine forces to make a positive impact on this under-served sector.”F /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:affordable housing, efficiency, evolution, gordon, Government, Impact, Investment, launch, market, meet, property, quality, sustainable, UK, UK Government
FacebookTwitterWhatsAppEmail RelatedArchives Critical to Jamaica’s History Story HighlightsThe Planning Institute of Jamaica (PIOJ) and the Ministry of Education have partnered to produce a Braille format of the popular 88-page popular version of the Jamaica National Development Plan – the 400-page Vision 2030 Jamaica.Approximately 500 copies of the translated Braille format are being produced by the Ministry’s Special Education Unit, for distribution to agencies and organisations that support the visually challenged.The PIOJ presented copies of the Braille format to representatives of the Jamaica Society for the Blind; Jamaica Council for Persons with Disabilities; Combined Disabilities Association; Salvation Army School for the Blind and Visually Impaired; Abilities Foundation; and Creative Craft Plus, at a handing over ceremony at the office of the Jamaica Society for the Blind, Old Hope Road, St. Andrew, yesterday April 20. RelatedBraille Copies of Vision 2030 for the Visually Challenged The Planning Institute of Jamaica (PIOJ) and the Ministry of Education have partnered to produce a Braille format of the popular 88-page popular version of the Jamaica National Development Plan – the 400-page Vision 2030 Jamaica.Approximately 500 copies of the translated Braille format are being produced by the Ministry’s Special Education Unit, for distribution to agencies and organisations that support the visually challenged.The PIOJ presented copies of the Braille format to representatives of the Jamaica Society for the Blind; Jamaica Council for Persons with Disabilities; Combined Disabilities Association; Salvation Army School for the Blind and Visually Impaired; Abilities Foundation; and Creative Craft Plus, at a handing over ceremony at the office of the Jamaica Society for the Blind, Old Hope Road, St. Andrew, yesterday April 20.Copies are also being distributed to the Jamaica Library Service (JLS), and the Centre for Disability Studies, University of the West Indies, Mona, St. Andrew, for utilisation by their stakeholders.Speaking at the ceremony, PIOJ Director General, Dr. Gladstone Hutchinson, underscored the importance of the undertaking, and the inclusiveness of all key target groups in the society.“This is a very critical step in our commitment to making sure that all of us have an opportunity to be productive, to participate, to be inclusive, and to be an agent of our country’s development. So, at the Planning Institute of Jamaica, there is nothing that we do that is more important, than what (the presentation) represents. And, we say this against the background of having just completed the national strategy for the growth and development of the country’s economy,” he said.“That is why this is so critical, because something of this nature, the translation of Vision 2030 popular version in Braille, which allows all of our citizens to participate in the growth and development of the country and their own development, is the essence of how we aspire to achieve Vision 2030 Jamaica,” Dr. Hutchinson added.In her remarks, Assistant Chief Education Officer, Special Education Unit, Ministry of Education, June Hamilton, said she was “extremely happy” for the partnership forged by the Ministry and the PIOJ, which has facilitated the Braille translation of Vision 2030 Jamaica.“This will enable those who are blind and visually impaired to have access, and in so doing, join the discussion and the action in making Jamaica the choice place to live, raise families, work and do business,” she said.For his part, State Minister, Ministry of Labour and Social Security, Hon. Andrew Gallimore said that the translation of the Vision 2030 document into Braille re-assures persons with disabilities that the PIOJ, in going forward with the National Development Plan, “has the community of disabled persons in Jamaica, front and centre.”Noting the quick time in which the translation was done, Mr. Gallimore said it is very difficult for persons without disabilities to fully appreciate and understand that, given an opportunity and the right tools, persons with disabilities can do “pretty much anything that we allow them to do, by giving them that access.”Responding on behalf of the recipients, Managing Director, Abilities Foundation, Susan Hamilton expressed her gratitude for the copies, describing the Braille translation as a “forward step.”Vision 2030 Jamaica is the country’s first long-term national development plan, which aims at enabling Jamaica to achieve developed country status by 2030. It is based on a comprehensive vision: “Jamaica, the place of choice to live, works, raise families and do business.” Advertisements RelatedBraille Copies of Vision 2030 for the Visually Challenged Braille Copies of Vision 2030 for the Visually Challenged InformationApril 21, 2011Written by: Douglas McIntosh
The Whitefish Planning Board is slated to consider a proposal Jan. 15 to build a prominent boutique hotel at the gateway of downtown Whitefish less than a month after telling developers that more time was needed to review additional information.The site of the proposed three-story, 89-room hotel, along with 67 parking spaces, is on the corner of Second Street and Spokane Avenue, directly south of the Whitefish Middle School. If approved, it would be built adjacent to the historic Old Town Central District, a residential neighborhood where some homeowners have raised concerns about the project’s scope.On Dec. 18, the Planning Board unanimously approved a motion to continue the public hearing because it wanted time to review new information presented by the applicant at the meeting, and requested additional information both from the applicant and the City.The new information included a revised site plan and a draft traffic study that the Board hadn’t had time to review.The Board also requested additional information on the following topics: Management of contaminated groundwater at the site; closing the alley access onto Kalispell Avenue so that all traffic would exit and enter from East 3rd Street; and managing parking on residential streets.The owner behind the current project is Sean Averill, of the Whitefish Hotel Group, who along with his brother Brian and father Dan Averill owns and operates The Lodge at Whitefish Lake.The Averills also own the site where the hotel would be built, called Block 46, and they have lined up an investor to provide financing for the project.Averill is seeking approval from the planning board because the size of the project requires a conditional use permit. The proposed building’s footprint is just shy of 15,000 square feet, and the site’s zoning district requires permitting for any building footprint that exceeds 7,500 square feet.Adding a boutique hotel to the downtown area was an element of the Whitefish downtown master plan adopted in 2006, but earlier proposals at other sites have been unsuccessful for various reasons.Wendy Compton-Ring, senior planner for Whitefish, recommended approval of the conditional use permit subject to 20 conditions, including that the project receive approval from the city’s Architectural Review Committee.If approved at the Jan. 15 meeting, the Whitefish City Council will consider the matter at its Feb. 2 meeting.Some Planning Board members expressed concern that the scale of the project was not a good fit with the historic integrity of Whitefish’s downtown center.Scott Elden of Montana Creative Architecture and Design, the firm that is designing the building, said the style of the proposed hotel is “a locally developed unique design to suit our town” and will meet all guidelines of the Whitefish Architecture Review Committee. Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.