 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (July 2021) |
Tim Heatley (born 13 November 1980) is a British property developer and co-founder of Capital & Centric. [1] [2] [3] [4]
Heatley was born and grew up in Eccles, Salford. [5] He studied law from Manchester Metropolitan University. [6] While studying at university, he began selling art and restoring cars. He used this money to buy and redevelop his first property after graduating from university. [7]
Heatley co-founded Capital & Centric with Adam Higgins in November 2011. [8] The company has been described as a “major disruptor” in property development by Insider Media. [9] The developer won a national placemaking award in 2020 for Kampus, a £250m garden neighbourhood project in Manchester City Centre. [10] Business Insider ranked the co-founders 87 in its 2020 Power 100 list. [11]
In 2020, Heatley and a number of Capital & Centric’s projects were featured in a 2020 BBC2 documentary, Manctopia, looking at Manchester’s property boom and its impact on the housing market and local communities. [12] Heatley's real estate firm while providing affordable housing solutions is involved in multiple projects which do not provide affordable housing as well. [13] His proposals and planning regarding converting and developing old buildings and mills into thriving neighborhood has witnessed mixed receptions where certain group of citizens believed that such an initiative would actually solve the basic problem of housing at Manchester where some group of citizens are apprehensive about their old neighborhood getting modified against their interest. [14] [15]
Heatley has faced questions around the shortage of affordable housing across Manchester and the company’s record of delivering new affordable homes as part of its developments. [16] He identified the lack of a national policy on city centre affordable housing as a barrier for developers to deliver more affordable homes, arguing: “Developers who want to build affordable homes are being priced out when purchasing the land or buildings. A developer who decides to build non-affordable homes as part of a project can bid higher”. [13] In an interview on the BBC2 Manctopia documentary, Heatley disclosed his company's aim to deliver a 100 per cent affordable housing scheme in Manchester city centre. [17]
Heatley's Capital & Centric founded the Regeneration Brainery initiative, a mentoring project that aims to support young people from a range of backgrounds to take up careers in the property and development sector and “widen the talent pool.” [18] Capital & Centric also co-founded the Embassy Bus initiative with Stockport-based charity, Embassy, which converted a former luxury tour bus into temporary accommodation for the homeless in Greater Manchester. In 2017, Heatley and Higgins was in news for the policy driven sale of flats at their Crusader Mill development in Manchester only to local owner occupiers while banning any investors. [19]
Heatley is known as an active campaigner on tackling homelessness across Greater Manchester. He is the current chair of the Greater Manchester Mayor's Charity that prioritizes ending rough sleeping and homelessness. [20] The charity has raised more than £2,000,000 and during the COVID-19 pandemic while opening a food and supplies depot in Manchester city centre to support the homeless and rough sleepers in partnership with Capital & Centric. [21] The charity is also known for partnering with Manchester's music, art and culture scene as part of its fundraising, holding concerts [22] and art festivals. [23]
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, definitions of poverty, and other criteria for allocation vary within different contexts.
The affordability of housing in the UK reflects the ability to rent or buy property. There are various ways to determine or estimate housing affordability. One commonly used metric is the median housing affordability ratio; this compares the median price paid for residential property to the median gross annual earnings for full-time workers. According to official government statistics, housing affordability worsened between 2020 and 2021, and since 1997 housing affordability has worsened overall, especially in London. The most affordable local authorities in 2021 were in the North West, Wales, Yorkshire and The Humber, West Midlands and North East.
Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affordable housing refers to mortgages and a number of forms that exist along a continuum – from emergency homeless shelters, to transitional housing, to non-market rental, to formal and informal rental, indigenous housing, and ending with affordable home ownership.
Patron Capital Partners ("Patron") is a European private equity real estate fund with its main investment advisor, Patron Capital Advisers LLP based in London, United Kingdom. Patron Capital Partners represents approximately €4.0 billion of equity across several funds and related co-investments.
Michael Shapcott is Executive Director of the Sorrento Centre, a retreat and conference centre in the Shuswap region of British Columbia, Canada, that offers in-person and on-line events and activities. Previously, he served as Director of National Business and Community Strategy for Prince's Charities Canada.
The Guinness Partnership is one of the largest providers of affordable housing and care in England. Founded as a charitable trust in 1890, it is now a Community Benefit Society with eight members. Bloomberg classify it as a real estate owner and developer.
Aneel Mussarat is a British businessman, philanthropist and founder of MCR Property Group.
Housing in Hong Kong varies by location and income. More than 7 million people live on about 1,108 km2 (427 mi2) of land in the region, making it one of the densest places in the world.
In England and Wales, squatting—taking possession of land or an empty house the squatter does not own—occurs for a variety of reasons which include needing a home, protest, poverty, and recreation. Many squats are residential; some are also opened as social centres. Land may be occupied by New Age travellers or treesitters.
Affordable housing in Canada is living spaces that are deemed financially accessible to those with a median household income in Canada. The property ladder continuum of affordable housing in Canada includes market, non-market, and government-subsidized housing.
Capital & Centric Ltd is a Manchester-based property developer.
Nicholas Brendan Buckley is a British charity worker and political candidate. He spent 15 years working with the homeless.
The House Crowd was a UK peer to peer lending and crowdfunding platform that allowed people to invest in bridging loans and property development loans from £1,000. In 2018, the business achieved authorisation from the Financial Conduct Authority and launched their Innovative Finance ISA. As of January 2019, The House Crowd had funded 368 properties, raised over £93 million and paid investors returns in excess of £38 million. The House Crowd was placed into administration on 24 February 2021.
The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen considerably faster than incomes, putting increasing pressure on public housing providers as fewer households have access to housing on the private market. The property bubble has produced significant impacts on inequality in New Zealand, which now has one of the highest homelessness rate in the OECD and a record-high waiting list for public housing. Government policies have attempted to address the crisis since 2013, but have produced limited impacts to reduce prices or increase the supply of affordable housing. However, prices started falling in 2022 in response to tightening of mortgage availability and supply increasing. Some areas saw drops as high as around 9% - albeit from very high prices.
Since about 1970, California has been experiencing an extended and increasing housing shortage, such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. This shortage has been estimated to be 3-4 million housing units as of 2017. Experts say that California needs to double its current rate of housing production to keep up with expected population growth and prevent prices from further increasing, and needs to quadruple the current rate of housing production over the next seven years in order for prices and rents to decline.
Onward is a housing association in North West England which manages 35,000 properties. Onward is based in Liverpool. Bronwen Rapley is the Chief Executive. In 2020 it moved its headquarters to the new Watson Building in Liverpool’s Renshaw Street. It also from Manchester’s Christie Fields. Rob Loughenbury, former campaign manager for the Conservative Party, was appointed director of strategy in 2020 with a brief to contribute to the regional plans to ‘build back better’ in the wake of the coronavirus pandemic, both as a social landlord and a housebuilder working across Liverpool, Manchester and Cheshire.
Affordable housing is housing that is deemed affordable to those with a median household income as rated by the national government or a local government by a recognized housing affordability index. A general rule is no more than 30% of gross monthly income should be spent on housing, to be considered affordable for the challenges of promoting affordable housing varies by location.
Anchor Hanover Group, trading as Anchor, is the largest provider of specialist housing and care for older people in England. It was formed in November 2018 when Anchor Trust and Hanover Housing Association merged. Its main office is in Bradford.
Trafford Housing Trust was a housing association based in Trafford. It was acquired by L&Q in 2019. It owned and managed about 9,000 properties. It also provided care and support for disabled people and ran sheltered housing and extra-care homes. It owned Laurus Homes, which still builds affordable homes for sale. It was created by a transfer of housing stock from Trafford Council in 2005.
Housing is a vital economic sector in the United States, contributing to 15% of the GDP. The majority of Americans (64%) own their own homes, a rate that is less than the home ownership rates other large countries such as China (90%), Russia (89%), Mexico (80%), or Brazil (73%).
