Annual Report 2016 | Page 14

accordgroup.org.uk Progress update The Group outlines each year its objectives as agreed by the Board. This section provides an update on the progress of these. Objective 1: Meeting Need By 2021, we will: Increase the number of homes owned and developed The Group continues to pursue a development programme and now has 12,638 homes in management. The Affordable Housing Programme ended in March 2016 and the Prospectus for the next bidding round was issued in April. The Board has given consideration to development of Shared Ownership and homes for sale to support the development of affordable homes for rent. The bid will be a Matrix wide submission and the HCA have stated that good performing partnerships are their preferred delivery vehicle for the building of new homes in the new programme. The Accord Group will also review wider funding options to support its development ambitions. Increase the number of homes manufactured at the LoCaL Homes factory The Group has already seen increased output through the LoCaL Homes timber frame factory in its own development programme and this has been enhanced by the external sales of units to a number of other providers right across the UK including Peterborough, Cornwall and South Yorkshire. 12 Accord Group