Housing Associations get part Government fund
- 16 Apr
Housing associations get part of £1bn government funding
The first 45 projects to take advantage of a £1 billion government fund to support the provision of private sector rented homes have been announced.
A2 Dominion, Genesis Housing Association, Network Housing Group, Notting Hill Housing, Orbit Group, Plus Dane, South Yorkshire Housing Association and Together Housing Group are among the successful applicants. The housing associations will share £700 million of government funding for new private rented homes. The exact details of the funding will be announced next month.Projects going forward in this round have the potential, subject to due diligence, to deliver between 8,000 and 10,000 homes, and include:
- Genesis Housing Association, with plans for new rental homes around London
- Place First, along with Together Housing Group, who will be building across Northern England
- Crest Nicholson, who intend to bring a significant number of homes to market over many sites across the country
Housing minister Mark Prisk said:
This government is determined to get Britain building, and the build to rent fund is set to help us deliver, with up to 10,000 new homes to be built from these projects. We've seen overwhelming demand for the fund, and it's become clear that there's a real appetite for rental investment. We want to support that, which is why we've made a £1 billlion budget boost to the fund. Now, these new projects will help us map this almost uncharted market, bringing in new blood to improve rental quality and choice, and building the new homes that this country wants and needs.
Richard Hill, deputy chief executive of the Homes and Communities Agency, said:
The £1 billion build to rent fund presents a fantastic opportunity to bring about a step change in the way we meet the growing demand for rented homes in this country, while the incredible initial response to the fund clearly shows that builders are ready to take up that challenge. Our role is to ensure that the right schemes are supported in the right places, allowing quality and well-managed homes to come forward quickly to meet local demand.
The full story is available here.
Related articles
- 10 Mar
THE STATUS OF THE SOCIAL CARE SECTOR REQUIRES IMPROVEMENTs
It was also found that the social care sector has the following characteristics:Social care seems like an adjunct to the NHS instead of being an important service in its own right. While the...
- 29 Apr
Scottish Welfare Fund grants see a 13% rise in applications
Data from the Scottish Government has shown that the number of applications to councils under the Scottish Welfare Fund has increased by 13% in just the last year, reports The Courier.Over the most...
- 16 Jan
Local welfare assistance funds held back by councils
The Centre for Responsible Credit using Freedom of Information requests carried out a study which found that 127 local authorities spent 52.8% of their £148.5m sharing of the local welfare...
- 13 Jan
Landlord scheme has saved the NHS thousands of pounds
The groups - Oldham Council, Oldham Clinical Commissioning Group (CCG) and Oldham Housing Investment Partnership - consist of 10 social landlords who co-invested in the ‘Warm Homes Oldham'...
- 05 Jan
Calls for NHS funding
Stevens also called for an end to the ‘boom-bust' approach. Stevens told the Financial Times he hoped for more annual funding in addition to the £2bn lifeline that the Chancellor, George Osborne,...
- 30 Dec
New Fundraising Campaign Launched by Hospital Charity
The campaign encourages its supporters to partake in its ‘Every £1 Counts' fundraiser by making a donation and sharing a ‘pound selfie' on Facebook and Twitter throughout January.The charity are...
- 08 Dec
Home care sector facing crisis due to workers’ wages
A study by contractor Mears and the Local Government Information Unit have reported that councils should ensure they pay providers to enable them to pay ‘at least' minimum wage salaries.Liberal...
- 06 Oct
Supported housing service for women and their children has received funding for community garden
Endeavour Housing Associaiton's Rainham House temporary accommodation service has been awarded funding for their Roots and Shoots garden project. Working in partnership with community allotment...
- 03 Oct
Social landlords urged to make do without grants
Speaking to Inside Housing at the Conservative Party conference this week, Mr Lewis said: "If housing associations want to survive without government funding, that's a good thing."He said it would...
- 02 Oct
Supporting People budget cut by £10m by the Welsh government
A draft budget shows the government announcing plans to cut the budget for Supporting People from £134.4m in 2014/15 to £124.4m in 2015/16 which is a drop of 7.4%, reports Inside Housing.Despite...
Support Solutions 5th National Housing Support & Social Care Conference 2014 The conference tackled todays issues at provider level, and provided knowledgeable people to present the workshops. A.L - Caraston Hall
