The Parliamentary Under-Secretary of State, Department for Communities and Local Government (Baroness Hanham): The breakdown of grant allocated to each developer from the National Affordable Housing Programme (2008-11) and the Affordable Homes Programme (2011-15) is set out below.
| Developer | Affordable Homes Programme 2011-15 (£m) | National Affordable Housing Programme 2008-11 (£m) |
Figures provided in the Written Answer on 28 May (WA 111) also included allocations made through the Kickstart programme.
The 2011-15 programme will invest £4.5 billion of taxpayers' money in affordable housing and lever in a further £15 billion of private investment, assisted by innovative schemes like Affordable Rent.
The National Audit Office's recent report (Financial Viability of the Social Housing Sector:Introducing the Affordable Homes Programme, HC 465, 4 July 2012)observed that: "The Department selected the best delivery model open to it for the funds it had available ... The Department has so far achieved its policy objective to maximise the number of homes delivered within the available grant funding ... The Programme was over subscribed which led to the Department raising its target for the number of affordable homes it expects to deliver".
Hansard Link : Housing
