Monday, 27 October 2014

HCA Opens Bidding For Remaining £800m of Grant Funding

Housing associations can now bid for the remaining £800m grant available under the 2015/18 affordable homes programme. The cash forms the remainder of the HCA £1.7bn pot of funding, following the allocation of £886m in July. Under the HCA’s grant programme, which covers England but not London, providers are expected to submit bids for schemes they know can be delivered- rather than for indicative proposals. This means more of the money is held back for opportunities that arise over the life of the scheme than in previous years- a process known as continuous market engagement (CME). The £886m allocated in July will support 2,697 schemes providing 43,821 new affordable homes. Find full details on the HCA website.

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