Agency smashes housing starts target by 65%
Published by 24publishing for 24dash.com in Housing and also in Local Government
Agency smashes housing stars target by 65%
The Homes and Communities Agency (HCA) has smashed its end of year housing starts target by 65 per cent, it has announced.
Six-monthly figures released by the agency - in relation to housing starts and completions delivered through its various programmes - show that it has far exceeded its key outputs for 2010-11.
According to its figures, it achieved a total of 57,605 housing starts on site against a target of 34,982 – equating to 65% above target - and 64,242 housing completions in England against a target of 62,495, in the financial year ending 31 March 2011. In the case of the latter, this figure is an increase of 8,088 more homes delivered than last year (56,154).
The homes were delivered through its National Affordable Housing Programme (NAHP), Kickstart Housing Delivery Programme, the Local Authority New Build Programme (LANB) and the Property & Regeneration (P&R) programme.
Chief executive of the HCA, Pat Ritchie, said: “This is an excellent result, considering the continuing tough market conditions and a challenging period of change for the HCA.
She added: “The challenges do, however, remain, especially given the fact that there is less public funding available to support housing over this Spending Period. We will continue to look at more innovative ways of working with and supporting our partners, most significantly through our new Affordable Homes Programme of delivery, to ensure that our funding offers the best value for public money and makes the most difference in the places that need it most.”
Marking the end of the last Comprehensive Spending Review period, the HCA also exceeded its three year rural housing target of 8,500 homes, delivering a total of 8,993 homes between 2008-2011.