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Financial viability of the social housing sector: introducing the Affordable Homes Programme
Posted on: 4 July 2012
By: mackene
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Filed under: News
The National Audit Office has today published its report on the Government’s new Affordable Homes Programme, aimed at delivering below market price housing. While the report found the launch of the Programme by the Department for Communities and Local Government and the Homes and Communities Agency to be a success, with providers committing themselves to building some 80,000 homes for the £1.8 billion of government investment, compared to the initial target of 56,000, the report highlights a number of key risks. Nearly a fifth of contracts with housing providers remain to be signed; more than half of the planned homes are not currently due to be delivered until the final year of the Programme; and some providers are concerned that they may not be able to charge rents at the levels they originally agreed with the Programme.
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