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Figures suggest HCA on track to meet delivery targets

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Figures suggest HCA on track to meet delivery targets

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Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Development

Figures suggest HCA on track to meet delivery targets Figures suggest HCA on track to meet delivery targets

The Homes and Communities Agency (HCA) is on track to meet its 2012/13 new home delivery targets, according to statistics it has published today.

The HCA says that it completed 11,981 homes in the first half of the year and made 5,243 starts.

Of the homes completed, 6,375 were affordable – with a further 3,499 delivered under FirstBuy – equating to 38% of the annual targets for affordable housing and FirstBuy combined.

The Agency is now predicting that it will meet its combined affordable housing and FirstBuy corporate plan target of 26,250 completions by the end of March 2013.

The figures exclude activity in the capital, as the HCA's responsibilities there were handed to the Greater London Authority in April.

The statistics also suggest that the HCA is on track with its contribution of 123,000 new affordable homes to the Government’s aspiration to deliver up to 170,000 affordable homes by 2015, with 55,000 affordable housing completions to date, equating to just under 45% of the delivery for which the Agency is responsible.

Pat Ritchie, chief executive of the HCA, said: “With these half year statistics demonstrating a typical delivery profile, we are on track to meet our targets for the year, in particular the completion of 26,250 new affordable and FirstBuy homes. This is testament to the commitment of our partners and the action we have taken to build momentum in the new AHP.

“It’s particularly pleasing that FirstBuy is performing so strongly with 3,499 completions, and that of the affordable housing starts virtually all of them came through the AHP, reflecting the delivery profile predicted.

“And it’s also pleasing that just 18 months into the 4 years spending period, a total of 55,000 new affordable homes have been completed – nearly half of those the Agency is tasked with delivering by 2015.”

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