More than 70% of the providers that bid for government
grant funding under the latest affordable homes programme have been allocated
the full amount they requested. The HCA allocated £900m of its £1.7bn pot to
164 providers in July, leaving £800m to be allocated throughout the life of the
programme. Responding to a Freedom of Information Act request the HCA has now
confirmed that, unlike previous programmes, 118 bidders received the full grant
applied for. A further 46 providers that bid for a total of £549m were
collectively refused £93m. There were no outright rejections. Read more on
Inside Housing.
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