Almost 150 housing associations, local authorities, house builders and other providers are set to deliver 80,000 new affordable homes as the Homes and Communities Agency confirmed successful organisations and area-based allocations for its Affordable Homes Programme today.
The £1.8bn investment programme, launched in February, will deliver more homes than anticipated for Affordable Rent and affordable home ownership due to the quality and quantity of offers made by providers, helping the government to exceed its ambition to deliver 150,000 new affordable homes during the 2011-2015 spending period. It is now anticipated that up to 170,000 new affordable homes will be delivered over that period.
Subject to the signing of contracts with each of the 146 partners listed, investment will be split between each of the HCA’s six operating areas, with London on track for 27 per cent of the total number of homes, an ambition of the HCA’s Framework document.
Pat Ritchie, chief executive of the Homes and Communities Agency said:
“Our partners made extremely strong offers and I’d like to thank them and the HCA teams who worked so hard on this process. We expect to not only deliver exceptional value for money but also a programme that has a strong fit with local priorities as we move into the delivery phase of the Affordable Homes Programme. I am particularly pleased that we will be directly funding so many local authorities through our mainstream programme for the first time, to deliver affordable homes that will make a positive difference to local people.”
The successful bidders announced today include 26 local authorities, whose contracts will be confirmed in early 2012, when DCLG’s changes to the Housing Revenue Account are implemented.
Of the 80,000 new homes expected to be delivered through the programme, 29 per cent will be larger family-sized homes with three or more bedrooms; almost 10 per cent will be supported housing and 9 per cent will be homes in rural areas.
Specific allocation figures for each partner will be agreed and confirmed as part of the contract signing process, which will take place over the coming months. Allocations for Homelessness Change and Traveller Pitch Funding will be announced in the autumn following a separate assessment process for these programmes.
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