HCA Confirms Investment for New Affordable Homes

The Homes and Communities Agency (HCA) has granted £70 million to local authorities, housing associations and other home providers in the UK to bring empty properties back into use. This will deliver more than 5,600 new affordable homes, boosting the building construction industry and creating new jobs.

The £70 million investment will fund the refurbishment of properties which have been standing empty for a minimum period of 6 months. There are currently 700,000 empty homes in the UK that are not in use. The Empty Homes Programme, which is part of the HCA’s main Affordable Homes Programme 2011-15, will bring a considerable number of those homes back to live.

Chief Executive of the HCA, Pat Ritchie, said that the issue of providing more affordable homes across the country will continue to be a priority for the government and the HCA.

Mr Ritchie said: “One of the HCA’s key aims is to maintain a supply of affordable homes. With thousands of homes and properties lying empty across UK, we have a leading role to play in tackling the issue of empty homes blighting our communities, and this funding is welcomed. The high level of interest we received by providers bidding to participate in this programme demonstrates just how important of an issue this is.

“I am pleased therefore to be able to confirm our funding allocations for this spending period. Every part of the country is set to benefit, and we will be continuing to work closely with our local partners to maximise the allocations and deliver value for money in those areas where the need is greatest.”

The government has allocated in its Comprehensive Spending Review a total investment of £100 million for the Empty Homes Programme.  The remaining £30 million will be made available exclusively for community led groups at a later stage of the scheme.

What is your reaction to the £70 million investment to refurbish thousands of properties and provide more affordable homes across the country? Share your thoughts by leaving a comment below:  

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Posted on March 7, 2012, in construction jobs, construction news, Housing Scheme, Infrastructure, plumbing jobs, Plumbing News, t4ts, train4tradeskills and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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