A total of 160 housing providers across England are set
to benefit from £886 million of affordable homes funding, according to initial
allocations published by the HCA. A
total of 43,821 new affordable homes will be delivered across 2,697 schemes,
making a significant initial contribution to the Government’s ambition for
165,000 new affordable homes by March 2018, while supporting overall housing
supply and local economic growth. The initial allocations have been made under
the HCA’s 2015-18 Affordable Homes Programme, following a competitive bidding
process for £1.7 billion of funding. They are the result of rigorous
assessment, based on fit with local priorities, value for money and deliverability.
Allocations have been discussed with the relevant local council to align
investment with local priorities for their area. Read more on the HCA website.
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