Our funding

During the 2011-2015 spending review period, we have a £6.8bn capital spending budget for housing and housing-related programmes, broken down as: 

£4.5bn for building up to 150,000 affordable new homes (including existing commitments under the previous National Affordable Housing Programme). This is split as follows:

• £2.3bn will be used to pay for existing commitments to build 60,000 affordable homes
• £2.2bn will be used to pay for new commitments

Within this total of £4.5bn is:

• £100m for bringing empty homes back into use
• £200m for the continuation of the Mortgage Rescue scheme
• Continuing provision for Homelessness Change and Traveller Pitch Funding

In addition, our funding includes:

• £2.1bn for the Decent Homes Programme to halve the backlog of disrepair in social housing stock. The HCA announced £1.6bn of allocations for this in February 2011.
• £200m for the new FirstBuy affordable home ownership scheme

The Agency will also have access to a share of £1.3bn set aside to meet existing HCA and Regional Development Agency commitments on land and regeneration.