Section: Housing Finance

Shared Ownership and Affordable Homes Programme bidding reopens

Posted 05.01.18
GOV.UK: Article link

In April 2016 the Homes and Communities Agency (HCA) opened bidding to the Shared Ownership and Affordable Homes Programme 2016 to 2021 (SOAHP 2016 to 2021) through publication of a Prospectus.

Initial allocations of capital grant for new affordable housing schemes were announced on 5 January 2017. As planned these did not allocate all of the available budget, with £1.3 billion remaining available.

The HCA is reopening bidding for funding to develop additional affordable housing through a continuous market engagement (CME) process.

The available funding includes both the £1.3 billion which was not allocated at the initial bid round and a share, to be determined, of the £1.4 billion announced at the Autumn Statement, for new affordable homes outside London.

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    Reporting on January 2018

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