Monday, 2 August 2010

HCA: Strong Delivery Backed by Steady Financial Improvement

The HCA’s Annual Report and Financial Statements 2009/10 show that the Agency has partially recovered from the market turmoil of the previous year, with its strong delivery supported by a steadily improving financial position. The Agency met or exceeded all of its key targets in 2009/10, including an ‘exceptional’ housing performance, starting or completing over 120,000 new and affordable homes. The total equates to more than half of all homes under construction during the reporting period. Net operating expenditure was up by 21% but remained within budget at £5.2bn, a reflection of increased Programme funding channelled through the HCA by Government. Download a copy of the report from the HCA website by clicking on the logo below.

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