HCA launches £1.7 billion affordable homes programme
Thu 30th January 2014, 4:05 pm
The Homes and Communities Agency has launched the 2015-2018 affordable homes programme, inviting providers, local authorities and developers to bid for a share of a £1.7 billion grant.
The prospectus is based on the current 2011-15 affordable homes programme.
One of the new features in the announced programme is the prioritisation of one- and two-bedroom houses in areas where tenants live with spare bedrooms and do not have to option to move to a suitable sized home.
Providers are also called upon to dispose of vacant high-value stock.
Andy Rose, chief executive of the HCA said: "We have published full details for the new 2015-18 Affordable Homes Programme to make best use of the lead-in time to the start of the new programme and ensure delivery can start from day one.
"We are continually looking at ways of maximising the number of new affordable homes for the funding invested, and secure early delivery. We have taken the opportunity to introduce new features which reflect some of the views expressed from partners during the current programme and during the programme development."
View details of the programme