A four year agreement has been signed between the Wayfarer Partnership and the Homes and Community Agency to deliver affordable housing utilising over £20 million funding from the agency. This makes it the largest HCA contract to be delivered in the south of England. The bid was led by Radian Housing Group and includes a further five housing associations based in the south, which together form the Wayfarer Partnership.
A large proportion of the government grant will go to Hampshire, which will see partners deliver around 1,300 new homes in the county. The remainder of the homes will be spread across Surrey and Berkshire and new schemes will be agreed for Sussex, Wiltshire and Dorset.
The government grants contract has also catered for the provision of homes for older people, with 165 homes being delivered in Hampshire, Berkshire and Surrey. The HCA aims to help build more than 12,700 new homes across the south and south west, with investments of more than £240m as part of the AHP. House prices are reported to be more than 12 times the average local salaries in some areas, according to HCA figures.
According to the Homes and Community Agency their objective is to deliver 80,000 new affordable homes across England by the year 2015.