This will translate into over 4,800 new homes under Kickstart and over 600 homes under LANB, securing hundreds of new jobs and apprenticeships across England and providing a much needed housing boost for communities.
For individual schemes that did not secure Kickstart or LANB funding, there are still further opportunities for HCA funding through other routes such as NAHP or HMR, and the HCA is working with its regional teams to progress this.
Chief executive of the HCA, Sir Bob Kerslake, said: "Following a period of uncertainty, I am pleased to be able to firm up the position with our partners. Our allocations, based firmly on discussions with partners, have maximised the supply of affordable housing and value for money, meeting local priorities."
"By taking a localist approach we’ve achieved much more than we would have done by acting in isolation." Housing Minister Grant Shapps said: "Times are tough, but we’re working hard to do all that we can to support the construction industry and revive housebuilding."
"Despite the strict measures we’re having to take to tackle the nation’s huge budget deficit, we’ve managed to safeguard funding for more than half of the previously unsecured housing schemes."
"This will mean that more than 5,000 new homes will now go ahead, supporting jobs and providing much-needed affordable housing for first time buyers and those waiting for a social home."
Stewart Baseley, executive chairman at HBF said today; "By reallocating funding in this way, the Government and HCA have demonstrated they appreciate the substantial social and economic benefits of maintaining housing supply. It is great news for prospective home owners and the house building industry alike."
"Kickstart investment produces immediate benefits in terms of local job creation, apprenticeships and economic activity and this money will boost communities across the country. The paybacks are enormous. This is especially good news for the industry, coming just as New Homes Month gets underway."
Steve Lees, Director at SmartNewHomes.com said:
“While a number of questions remain over the government’s housing policy, the saving of over 50% of Kickstart schemes suggests that, at long last, housing minister Grant Shapps is beginning to take the industry seriously.
“The 4,800 new homes that will be created as a result will help to meet mounting demand from buyers as well as benefitting local communities who will see improved job prospects and local infrastructure established.
“The news that the HCA will be looking to progress other funding opportunities is also encouraging as developers look to safeguard schemes, however, uncertainty still remains over the government’s localism policy and how it is to be implemented.”
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