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03/09/2009

HCA Announces £98m For Affordable Homes In Yorkshire And The Humber

The Homes and Communities Agency (HCA) has announced the results of the recent mini-bid round from the National Affordable Housing Programme (NAHP) 2008-11, which will deliver 1,862 affordable homes across Yorkshire and the Humber with an investment value of £98.2 million.

The allocations across the region will provide 1,551 homes for rent and 311 low cost homeownership homes. In deciding where to award funding, the HCA worked to a number of key objectives to ensure appropriate support was leveraged towards the region’s priorities.

The split across the region includes £11.7m for 222 homes in Humberside, in North Yorkshire £23.6m for 415 homes, South Yorkshire with £24.6m for 591 homes and West Yorkshire, incorporating the Leeds City region with almost £30m for 634 homes. Rural housing need is addressed within this with £17.5m investment representing 292 homes across Yorkshire and the Humber.

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David Curtis, HCA's Regional Director for Yorkshire and the Humber, said: "This is very positive news for the region. Through this process we are able to maintain momentum in the current market downturn and support housebuilders in preparing for economic recovery, whilst at the same time meet regional priorities agreed by the Regional Housing Board. Through this market engagement process, we are also in a position to focus investment where economic prosperity can best be influenced - for example in local areas.

"The successful bids recognise the differences in the markets across the sub-regions and make sure that local issues are accounted for. They also represent the issues that cut across the region, including maintaining focus on the provision of larger family and rural homes, plus meeting the needs of vulnerable members of the community."

(CD/KMcA)

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