First councils sign up to HCA programme
Two local authorities have become the first to sign contracts to deliver new affordable housing under the Homes and Communities Agency’s 2011-15 programme.
Barking and Dagenham and Hillingdon councils were the first of the 26 local authorities to sign up to the £1.8 billion programme.
Barking will provide 762 homes after being awarded £18.3 million of funding from the HCA, while Hillingdon will build 225 homes with £3.4 million of funding. All homes will be built for affordable rent.
The other providers to sign contracts with the HCA last week include the Almshouse Consortium, Bedfordshire Pilgrims Housing Association, Guildhouse UK, Logic Homes and Lovell.
It leaves just 26 providers still to finalise contracts, with the vast majority of these being local authorities.
The government programme, which allows providers to charge up to 80 per cent of market rent, is expected to deliver 80,000 homes by 2015.