Bidding is now open for a share of up to £200 million of
recoverable loan investment aimed at new build affordable homes, under the new
Rent to Buy programme. Applications can be submitted to the Homes and
Communities Agency via the Investment Management System from 29 September 2014.
Bidders have the flexibility to repay the loan at any time but must retain and
let the homes at affordable rent for a minimum of 7 years post completion. They
must also repay the loan no later than 16 years after construction of the
funded homes. Funding is available for schemes outside of London. Find full
details on the HCA website.
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