The Homes and Communities Agency has launched the
prospectus inviting housing
associations, councils, developers and others to bid for a share of up to
£1.7bn of grant funding for delivery of new affordable housing outside London.
Homes delivered with this funding will contribute to the Government’s ambition
to deliver up to 165,000 new affordable homes across the country between
2015-18. There will be two routes to bidding: either firm schemes only, or the
mixed route comprised of firm schemes and indicative proposals. Any bidder will
be able to bid for firm schemes only. Current HCA Investment Partners with a
proven track record of good delivery will be able to access the mixed route,
where this has been agreed with the HCA. This will maximise certainty of
delivery, and delivery of firm schemes will be encouraged early on in the programme
in order to help maintain an even supply of affordable homes. Read more on the
HCA website.
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