Race begins for 拢800m affordable homes funding

By Iain Withers2014-10-27T09:37:00+00:00

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HCA to release second tranche of 拢1.7bn Affordable Homes Programme

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The Homes and Communities Agency (HCA) has launched the second phase of bidding for its 拢1.7bn Affordable Homes Programme, which will release a tranche of funds worth around 拢800m.

In July the HCA awarded the first 拢886m to 2,697 schemes that will deliver 43,821 affordable homes.

Bids are now being sought for the 2015 to 2018 period.

Housing minister Brandon Lewis said: 鈥淥ur latest investment is a clear sign of the government鈥檚 continued commitment to increasing the overall housing supply and affordable housing in particular.

鈥淎s well as building homes this funding is also a key part of our long-term economic plan, creating construction jobs as we deliver a further 165,000 new affordable homes from 2015.鈥�

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