Out-Law / Your Daily Need-To-Know

HCA plans over 30,000 affordable homes by 2015

Out-Law News | 17 Jul 2014 | 3:36 pm | 1 min. read

The Homes and Communities Agency (HCA) has published its corporate plan for 2014-18 (24-page / 376 KB PDF), committing to completing 30,600 affordable homes by 2015.

The plan focused on the HCA's aims for the final year of its current spending round and looked forward to the next spending round, from 2015 to 2018. Among the targets set for the remainder of the 2014 to 2015 period were the completions of 29,000 affordable homes under pre-existing plans and a further 1,600 under new programmes.

The Agency also said it aims to help bring 22,500 council homes up to a decent standard, dispose of over 6,000 sites of public land for housing development and bring forward over 9,500 new homes for market sale by the end of the current spending round.

Looking forward to the next spending round, the HCA said it expects to have "an expanded role in bringing surplus public sector land to market", and "a growing portfolio of recoverable investments". The Agency will assess bids and monitor delivery of several government programmes providing recoverable loans for housebuilding, including the Builders Finance Fund, the Built to Rent Fund and the Local Sites Infrastructure Programme.

The plan also outlined the HCA's plans to boost local economic growth up to 2018, through land disposals, the support of Enterprise Zones, and the negotiation and support of City Deals and Local Enterprise Partnership Growth Deals.

"This plan confirms priority areas of focus for the HCA and what we plan to achieve in 2014-15," said HCA chief executive Andy Rose in a statement. "It also sets out our approach to local delivery and the many ways in which we will continue to support our local partners, as part of our commitment to people and places. We do this by making effective use of our programmes to support local priorities and increase the supply of new homes to stimulate local growth."