This £37.5m capital investment programme follows on from Hostel Capital Improvement programme and the Places of Change capital investment programme of previous years. It was a major coup for the sector to have proved its worth and secured this capital in the Comprehensive Spending Review of October 2010.
The new capital fund now sits within the Homes and Communities Agency (HCA) Affordable Homes Programme which is a £4.5bn investment programme in new affordable housing. The HCA’s Investment Partners will help to deliver up to 150,000 new affordable homes.
Further details can be found at Annex 1 to the Affordable Homes Programme 2011-15 Framework document.
A supplementary guidance document for vulnerable and older people was published on the HCA website on April 8th.