As a result £207million will now be allocated to directly fund 6618 new and affordable homes. A further £241million could be allocated for 5144 homes, to those schemes which have been approved subject to conditions.
Chief executive of the HCA, Sir Bob Kerslake said: "I am delighted that the HCA has been able to play such a major role in unlocking key housing schemes across the country.
"The due diligence process has been a thorough and challenging one for all involved but I am pleased that so many good schemes have been confirmed. We now look forward to completing the contracts and getting starts on site."
The HCA has also confirmed that it has received more than 660 bids for funding under Kickstart Round 2. These schemes, which could unlock up to 55,000 homes, will now be subject to the same level of scrutiny as the successful schemes under Round 1.
David Bexon, Managing Director of SmartNewHomes.com, welcomed the investment from the HCA’s Kickstart initiative.
He said: "The latest round of Kickstart funding represents the Government’s first significant investment in the housebuilding industry since the start of the recession. It has belatedly woken up to the importance of housing delivery for long-term socio-economic stability in this country, which is extremely good news for the sector, as well as homebuyers who still face the prospect of a worsening supply shortage.
"While it took an extremely long time to act, we have to give the Government credit for finally putting new development at the top of the housing agenda by injecting funds into the delivery of stalled schemes. We urge the Housing Minister to keep up the momentum set in round one of Kickstart, and guarantee the Government’s long-term commitment to this essential programme. The £500million funding outlined for phase two could unlock up to 55,000 homes, which would offer a major boost to the industry and go a long way to allaying immediate concerns over lack of supply."
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