HCA reports rise in affordable housing starts

Housing and regeneration quango the Homes & Communities Agency (HCA) has announced that the number of affordable home starts between April and September 2013 was up 200 per cent on the same period last year.

New homes: HCA has reported rise in affordable housing starts
New homes: HCA has reported rise in affordable housing starts

The statistics, published today and covering the period 1 April to 30 September, show that of the 12,569 homes started via HCA projects across England, 9,970 were for affordable rent or sale; an increase of over 200 percent on the same period last year. 

Of these, 7,608 affordable homes started in the six months to 30 September 2013 were for Affordable Rent, an increase of 219 per cent on the same period of 2012.

A further 802 were for Social Rent, an increase of 100 per cent on the same period of 2012-13, and the remaining 1,560 were for intermediate affordable housing schemes, including shared ownership and equity loan, an increase of 207 per cent on the same period of last year.

However, the HCA said that affordable housing completions were 16 per cent lower relative to the same period last year, which it said was due to the ending of FirstBuy which was replaced by the government’s controversial Help to Buy mortgage guarantee scheme in April.

It said that 5,375 completions that the Help to Buy programme would have contributed to the total are reported separately.

The statistics show that 4,569 of the 8,314 affordable homes completed between 1 April to 30 September 2013 were for Affordable Rent, an increase of 325 per cent compared to the six months to September 2012.

A further 1,144 were for social rent, a decrease of 68 per cent on the same period of last year, and the remaining 2,601 were for intermediate affordable housing schemes, including shared ownership and equity loan, a decrease of 50 per cent on the same period of 2012.

The statistics present the housing starts on site and housing completions delivered by HCA programmes in England, excluding London with the exception of the Get Britain Building, Help to Buy and Build to Rent programmes which the HCA administer on behalf of the Greater London Authority (GLA).

The full statistics can be found here.


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