Homes England strikes deals with eight associations for 14,280 homes

WCN Editorial Team 4 Jul 2018 EUROPE BUILDINGS

Homes England, the national housing and regeneration agency for England, has announced deals with eight housing associations to deliver 14,280 additional affordable homes across the country by March 2022 under the first wave of the new partnership.

The agency will provide nearly £590m through to March 2022 to support the first wave of strategic partnerships with emh group; Great Places; Home Group; Hyde; L&Q; Matrix Partnership; Places for People; and Sovereign/Liverty.

As part of the deals, homes will be constructed for social rent in areas of high affordability pressure. The government had announced an additional £1.67bn for the £9bn affordable homes programme.

The eight partners have signed up to deliver more than 23,500 additional housing units across all tenures, including for market sale.

Secretary of State for Communities James Brokenshire said: “There is no mission more urgent than making our housing market work, and we are investing £9bn in building affordable homes.

“This £590m fund we are giving Homes England will help housing associations accelerate the delivery of affordable properties communities need.”

Homes England announcement is the first step towards adopting a programme approach to delivery. It plans to explore how adopting this approach across Homes England’s land, funding and powers can further generate additional supply.

The national housing agency will also hold discussions with the sector later in 2018 on a second tranche of partnerships.

A project group comprising the National Housing Federation and the Ministry for Housing, Communities and Local Government has been established to examine the barriers to delivery and form a new relationship with Homes England.

The group will also design a revised investment framework to increase delivery of new housing supply through new ways of working.

The eight housing associations have committed to increase their development programmes in exchange for an additional year’s funding beyond the current spending review settlement and the ability to use their funding flexibly across their development programme in response to the progress on individual sites.

The associations will also respond to local markets by determining the tenure of affordable homes as they near completion on individual sites, by managing the overall tenure balance through the oversight of a Strategic Partnership Board with Homes England.

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Image: Parliament Street road sign in the city of Westminster. Photo: courtesy of GOV.UK.

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