Barratt, Kier and Keepmoat will all get cash from the HCA’s funding scheme
Housebuilders and contractors make up nearly 12% of the successful bidders for the government’s £1.8bn affordable housing programme.
Firms including Barratt, CM Yuill, Kier and Keepmoat will get cash from the Homes and Communities Agency’s (HCA) funding scheme, announced last week.
The HCA did not want to specify how much each would receive, or how much would go to the private sector, because contracts have not yet been signed so figures could change.
But it did say it expected London will receive the largest amount - £627.6m - and the North-east and Yorkshire the smallest sum of £181.6m.
The new programme will part-fund 80,000 affordable homes in addition to 90,000 announced under the previous government. Housing associations will build 83% of homes in the scheme, which runs from 2011 to 2015.
Grant per home has been slashed under the new programme, so social landlords and housebuilders must put in more of their own cash to build the homes.