HCA allocates £886m for social housing

THE Homes & Communities Agency has committed £886m of affordable homes funding towards the construction of nearly 44,000 homes across the country.

The grants represent just over half the £1.7bn the Government has earmarked to support 165,000 affordable homes by 2018. The remaining money will be subject to individual bids.

In the North West the investment will help develop 8,500 units.

The largest award outside London went to the JV North consortium of 10 housing associations which received £34.8m for 2,000 homes.

Its members include Aksa Homes, Community Gateway Association, Eastlands Homes, Gedling Homes, Helena Partnerships, Liverpool Mutual Homes, New Charter Housing Trust Group, Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group.

Another recipient was Manchester-based Great Places Housing Group which secured £24.2m as part of Bloc, a partnership of eight housing associations that will build homes across the North West and Yorkshire.

It is aiming to deliver 1,000 homes by 2018 in Burnley, Salford, Manchester, Sheffield, Blackpool and Bury.

Chief executive Matthew Harrison said: “We are delighted with our grant allocation of £24.2m from the HCA which along with our partners in Bloc, the Great Places investment partnership, will allow the construction of 1,040 much needed new homes in the North West and Yorkshire.

“We have worked closely with the HCA throughout this process and this allocation is a vote of confidence in our ability to deliver on our promises to develop high quality homes for people in the neighbourhoods where we work.”