HCA issues record £27m grant to social housing project
A £1 billion social housing scheme is set to get underway after a record cash injection from the Homes and Communities Agency (HCA).
Woodberry Down in Hackney will be home to a giant regeneration project which is designed to produce 167 social houses, with an additional 60 for shared occupation, in a scheme which could potentially create socially housing jobs.
This is just the first stage of the project, which is hoped to produce 4,500 affordable homes eventually.
It has been made possible after a £27 million grant from the HCA.
This, drawn from the National Affordable Housing Programme, is the biggest grant ever issued by the body for housing and regeneration.
The work – which is set to be completed by 2013 – will be carried out by Berkley Homes, under the social landlordship of the Genesis Housing Group.
Earlier this week the HCA provided £533,000 in funding to kickstart a stalled housing project in King’’s Lynn in Norfolk.
