Irwell Valley has been allocated over £4,500,000 from the Housing Corporation National Affordable Housing Programme (NAHP) to provide new affordable homes between 2008 and 2011.

The £3.3 billion spend announced today by the Corporation is over a third of the NAHP 2008-11 budget of £8.4 billion across the three-year programme, and includes new allocations and existing commitments which will deliver completions in 2008-11. The allocation means Irwell Valley successfully meets the Corporation's higher programme standards for both value and quality.

Neil Baumber, Irwell Valley’s Assistant Chief Executive said, “This is fantastic news for residents and colleagues. It’s our first year with PPA status and this allocation equates in real terms to an investment programme in excess of £20m to provide new homes in the region. It’s a vote of confidence in the Association.”

Housing Minister Caroline Flint said, "We need more homes in every region - to ensure first-time buyers and families have decent affordable housing to buy or to rent. This money will go towards doubling the amount of affordable, sustainable homes being built over the next three years, and will increase the number of family-size homes and rural homes.”

 

March 7 2008