HCA welcomes affordable homes report publication
The Homes and Communities Agency (HCA) has welcomed the latest report on the progress of the Affordable Homes Programme.
Carried out by the National Audit Office (NAO), the report highlights the successful launch of the initiative, which aims to deliver an additional 80,000 properties across the UK by 2015.
Set to be a mix of affordable homeownership and affordable rented accommodation, the project is costing £1.8 billion and is set to build 24,000 more homes than had previously been projected - an extremely positive development for the UK construction sector.
Deputy chief executive of the HCA Richard Hill said: "We have now agreed contracts with almost 90 per cent of providers - who have responded well to the challenge of the new Affordable Rent model - covering allocations of around £1.7 billion.
"Work is already underway on sites across the country, and the programme is on track to deliver the government's aspiration for 80,000 new affordable homes by 2015."
He added that the publication of the NAO's report is extremely welcome to the HCA, with the body having made a positive start on its goal of delivering more affordable properties across the country in order to help offset the ongoing housing crisis.
Last month, the HCA announced it has surpassed its targets for the delivery of new homes across the UK in the financial year for 2011-12.
In total, the department delivered 59,451 residential property completions across England - significantly higher than its target of 41,000 new homes.
Mr Ritchie noted at the time that the figures were a "good result" and provide a solid platform on which to build over the coming months.
He added that there been significant progress in the delivery of more affordable properties for Britons in the areas where they are needed most, with the cooperation of numerous local authorities across the UK having helped to facilitate this positive outcome.
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