Construction News

03/09/2008

Housing Corporation Announce Delivery Of Affordable Homes

The Housing Corporation has announced that £306.9 million has been allocated to deliver 4,001 affordable homes for rent and 2,185 for sale (6186 total) following the second round of its regular market engagement.

Flexibilities for the second round regular market engagement process were announced in July which shortened the timescales for this round, which has led to a more continuous bidding process.

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Housing Corporation Chief Executive Steve Douglas said: "We continue to be impressed by the quality of bids that are being brought forward and we expect that the changes that we have now made to the system - to move to the more flexible system of continuous market engagement - will provide additional flexibility for our partners. Partners can now put a bid to us at any point and our clear expectation is that we will provide a response within five weeks."

(CD/JM)

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