HCA announces successful bidders for £1.8bn affordable homes funding
Published date : 14 July 2011
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.
Ends
For more media information please contact Gemma Thompson in the HCA press office on 020 7874 8260 or email gemma.thompson@hca.gsx.gov.uk.
Notes to Editors
A full list of the successful bidders the HCA intends to contract with to deliver the Affordable Homes Programme is available on the HCA website.
Number of new affordable homes by HCA operating area (All figures subject to change through contracting process)
| HCA Operating Area (OA) | Affordable Rent homes | Affordable home ownership homes | Total affordable homes | OA% |
|---|---|---|---|---|
| East and South East | 10,874 | 3,558 | 14,432 | 18.04% |
| London | 16,130 | 5,726 | 21,856 | 27.32% |
| Midlands | 10,647 | 2,898 | 13,545 | 16.93% |
| North East, Yorkshire and The Humber | 7,286 | 849 | 8,135 | 10.17% |
| North West | 8,320 | 991 | 9,311 | 11.64% |
| South and South West | 9,697 | 3,024 | 12,721 | 15.90% |
| Grand Total | 62,954 | 17,046 | 80,000 |
100.00 |
Investment for new affordable homes by HCA operating area (All figures subject to change through contracting process)
| HCA Operating Area | Total funding | Funding |
| East and South East | £229,967,259 | 13.10% |
| London | £627,636,632 | 35.76% |
| Midlands | £286,497,269 | 16.32% |
| North East, Yorkshire and The Humber | £181,600,184 | 10.35% |
| North West | £188,252,663 | 10.72% |
| South and South West | £241,330,260 | 13.75% |
| Grand Total | £1,755,284,267* | 100.0 |
*Just under £450m of the overall £2.2bn Affordable Homes Programme budget will be separately used for the Homelessness Change, Traveller Pitch Funding, Empty Homes and Mortgage Rescue elements of the programme and for any community led offers that may develop during the spending period.
The Homes and Communities Agency (HCA) is the single, national housing and regeneration delivery agency for England. Our vision is to create opportunity for people to live in homes they can afford in places they want to live, by enabling local authorities and communities to deliver the ambition they have for their own areas.
