The Shared Ownership and Affordable Homes Programme for 2016-2021 was announced late last week. A grant allocation of £1,283m is to fund 39,403 new homes at an average grant of £32,568 per home. In addition there are an additional 7,000 non grant funded homes in the programme. The programme is back ended and Continuous Market Engagement (CME) will commence shortly for the remaining un-allocated grant.
The largest allocations to bidders securing in excess of 1,000 homes include:
- New Charter
- Affinity Sutton
- Wrekin HT
- Westleigh Development
- Great Places
The Ark team were working in a number of the bidding organisations and we calculate over 500 news homes have been secured by our development colleagues.
For more details regarding the allocation please visit the HCA at https://www.gov.uk/government/publications/affordable-homes-programme-2016-to-2021-successful-bidders