Project Description

New homes

Safe and secure housing is one of the most important aspects of people’s lives. Housing is essential to meet basic needs, such as shelter, but we know that affordable and safe housing is important to the wider well-being and health of families.

Studies show that children in stable housing do better in school, decent and affordable housing can lead to improvements in physical and mental health, affordable housing costs provides more disposable income to families on tight budgets and secure housing offers opportunities for all individuals to improve their economic situation and contribute to their communities.

All Bromford homes meet the Decent Homes standard, which require all homes to be in a reasonable state of repair, to have reasonably modern facilities and provide a reasonable degree of thermal comfort. However, our aim with new and existing homes is to exceed this standard.

To understand the social value created for our new build homes, we have again carried out analysis of our lettings to data to ascertain the impact of moving to a Bromford Home.

£930,000

Social value created
This is how we account for the wider value of our service offers.

£239,000

Total investment in services
This is how much it costs to provide these services.

£3.89 : £1

Return on investment
This is how we measure the success of investments in our services.

We used lettings data to understand the previous accommodation of our new customers, and their reason for leaving their previous home. We then used a mixture of sources and methodologies to infer savings to the NHS from improved health associated with good quality housing and values for potential alternative accommodation that the customer may have accessed if a Bromford home was not available to them.

239 customers moved into our homes from poor quality or inadequate housing.

Across these 239 lettings, we estimate a social value of £930,000 in year one alone. This consists of £295,000 in wellbeing value and £635,000 in societal values.

Total costs of the service is based on an average total build cost depreciated evenly over the lifetime of the asset to provide a single year cost.

Find out more about our value