With an allocation of more than £48m for 2003/04, London and Quadrant leapfrogged Acton Housing Association, which slipped down from last year's first place to sixth.
The full list of allocations, including Challenge Fund monies, is expected to be confirmed by April when the Housing Corporation publishes its investment bulletin.
Other big winners included Home Group, with a mainstream ADP allocation of almost £47m to add to its Challenge Fund allocation of more than £7m. Catalyst Housing Group – a partnership formed last August between Ealing Family Group and Kensington Housing Trust – received £25.6m of mainstream ADP to add to its £17.1m from the Challenge Fund. A spokeswoman said: "Partnering enabled us to deliver the programme the government wants. Sharing expertise and land banking helped."
The 2003/04 investment programme will produce 20,645 homes – 16,024 for rent and 4,621 for low-cost home ownership – at a cost of over £1.2bn.
Associations that have received ADP funding are understood to number less than the 385 which got funds following last year's round. The year before that, 429 housing associations received allocations.
The drop is a clear signal that the corporation intends to push ahead with the proposals outlined in its ADP discussion paper, published last summer. The paper proposed partnering as a means of cost-effectively producing greater amounts of social housing and included the admission that future development would better be undertaken by a smaller number of housing associations.
Source
Housing Today
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