The Housing Corporation has announced it has exceeded many of its targets ahead of its dissolution later this year, it has been revealed.

Over the course of 2007-08, the housing organisation funded the completion of 21,538 properties available to purchase on an affordable basis. Such a figure is above the corporation’s target of 19,253.

Meanwhile it had been set a goal of 28,000 affordable rent homes, although it actually constructed 29,557.

In particular, the Housing Corporation was indicated as dramatically exceeding targets for affordable homes in the north-west and Yorkshire.

Later this year, however, the organisation is to be dissolved and replaced by two separate bodies - regeneration and development group the Homes and Communities Agency and regulatory institution the Tenant Services Authority.

Steve Douglas, chief executive at the Housing Corporation, said: "I believe that the corporation is in great shape to help give both the Tenant Services Authority and the Homes and Communities Agency a flying start in what we know is a tougher market place."

Earlier this year, it was revealed housing consortium Quantum had surpassed the affordable homes building targets set by the corporation.

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