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HCA signs another £100m of affordable rent contracts

Nearly £100 million worth of Affordable Rent contracts were signed by the Homes and Communities Agency and housing providers last week as the total amount dished out so far nears £150m.

The latest contracts include £39.9m signed off for the Great Places Housing Group, a deal which will deliver 1,751 homes.

LHA-ASRA signed the second largest contract last week for £21.65m to deliver 800 homes.

Gallions Housing agreed a deal for 496 homes and £19.7m of funding, while Yorkshire Housing Association was allocated £16.9m for 800 homes.

The programme will see 146 providers share nearly £1.8bn to build 80,000 homes overall.

Waterloo and Sentinel were among the first providers to sign contracts.

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