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Housing Development Corporation, London


Your trusted partner in developing sustainable and affordable housing in London and Middlesex.

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Housing Development Corporation, London


Your trusted partner in developing sustainable and affordable housing in London and Middlesex.

Welcome to Housing Development Corporation, London (HDC)

HDC centralizes the knowledge, skills, expertise, and tools required to support sustainable housing development, inclusive of affordable housing, throughout London and Middlesex.

HDC engages in a full range of services including development, new financial instruments, land acquisition and sale, affordable housing consultation and promotion with all partners and sectors.

 
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HDC Mandate


HDC stimulates the development and sustainability of affordable housing throughout London and Middlesex by:

• Supporting the local need for revitalized and strengthened neighbourhoods, and diverse and inclusive communities; and 

• Collaborating with all sectors to create and sustain affordable housing and stimulate economic growth.

HDC Mandate


HDC stimulates the development and sustainability of affordable housing throughout London and Middlesex by:

• Supporting the local need for revitalized and strengthened neighbourhoods, and diverse and inclusive communities; and 

• Collaborating with all sectors to create and sustain affordable housing and stimulate economic growth.

The HDC Difference

HDC will provide the specialized focus, expertise, tools and competencies to advance beyond past successes and activities related to affordable housing development, including:

  • The capacity to negotiate and engage in concept planning and innovation related to affordable housing development such as working with other orders of government and the private and not-for-profit sectors, bridging land and development opportunities including those related to schools, hospital, church land or other community based greyfield (commercial) land redevelopment;
  • Negotiate, acquire, purchase, and sell lands and real property that include or support the goals of HDC. These activities may either directly support affordable housing through revenues or indirectly through negotiated partnerships;
  • Engage an independent board of experts in strategies and plans related to affordable housing; and build and retain local industry knowledge in public and social housing regeneration and redevelopment.

A small dedicated administration, led by a Chief Executive Officer will work with the HDC Board of Directors to advance business utilizing:

  • Expertise and knowledge with a strong understanding of the local housing market and development opportunities;
  • Legal tools as a business corporation that would allow HDC to independently engage in acquisition and sale of land and housing, establish revenue generating activities (such as consulting), and manage costs outside of a prescriptive policy framework;
  • Financial instruments and the exploration of new tools needed to free available assets in public/social housing stock to enable regeneration and redevelopment of sites; and
  • Direct development tools, such as public housing sites, surplus lands, or surplus bluefields (schools, hospitals, churches, etc.).
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HDC Key Objectives


HDC Key Objectives


Corporate objectives of HDC

  • Assist in addressing affordable housing needs of low income households;
  • Engage in housing development activities including but not limited to the design, financing, and construction management of housing;
  • Seek out new resources, funding, and partnerships to support the housing stock needs of local low income households;
  • Develop housing projects and/or programs to address affordable housing needs of local low income households;
  • Promote co-operation, partnerships and initiatives between community agencies, the private sector and governments to improve access to affordable housing stock for low income households; and
  • Receive, purchase, transfer, sell or dispose of any property necessary to attaining the objects of the Housing Development Corporation.
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Corporate & Working Relationships


Corporate & Working Relationships


HDC's relationship with the City includes: 

Advancing the interests and accountability rules defined by the City of London's Municipal Council as the sole shareholder of HDC. This includes partnerships and shared service relationships with the City's administration to minimize costs and maximize efficiencies of HDC (including technology, facility, planning, and financial supports);


Working in collaboration with the City and in advancing available affordable housing based on the needs and actions outlined in the 2013 Homeless Prevention and Housing Plan;


Working with City Housing Services staff in the City's role as "Service Manager" related to provincial and federal legislated management and administrative requirements. HDC will be responsible for new affordable housing as well as potential future social housing regeneration; 


Working in partnership with various City service areas related to the integration and advancement of affordable housing solutions (including Planning, Development Services, and Finance, Legal, Housing Services, and the Housing Access Centre).