Affordable Housing: Finance – Parliamentary Written Answer

Mr Offord: To ask the Secretary of State for Communities and Local Government by what means his Department plans to allocate funding under the Affordable Homes Programme
Grant Shapps: I announced the outcome of the Affordable Homes Programme on 14 July. 146 providers will deliver 80,000 new homes for Affordable Rent and Affordable Home Ownership with Government funding of just under £1.8 billion. Taken with existing commitments, we are investing a total of nearly £4.5 billion between 2011 and 2015. This funding is now expected to provide up to 170,000 new affordable homes by 2015, compared to the 150,000 originally estimated. The 2011-15 Affordable Homes Programme Framework set out the criteria for assessment by the Homes and Communities Agency, which included meeting local needs and priorities in their proposed locations, offered good value for money, and delivered within the programme timeframe.