Kier secures £42m HCA allocation

Kier secures £42m HCA allocation

Kier secures HCA allocation with £42m contract.

Kier Living has secured one of the largest allocations of funds from the Housing and Communities Agency (HCA) with an allocation of £41.9 million to build just over 1,700 new shared ownership homes in England over the next four years.

The contract is a part of a £1.28bn first round allocation from the Shared Ownership and Affordable Homes Programme 2016 to 2021 (SOAHP 2016 to 2021), which is now worth £7bn in total, having received a £1.4bn boost in the Autumn Statement in November.

SOAHP now supports the building of more ‘shared ownership’ homes, offering access to home ownership for those struggling with affordability, as well as new ‘rent to buy’ homes, enabling first time buyers to save for a deposit to buy whilst renting at discounted rates, and ’affordable rental’ homes for those renting in the private sector.

John Anderson, Executive Director at Kier Living, said, “Kier Group has been operating in the multi-tenure housing market for over 70 years and this allocation of grant is testament to the leading role we now play in public sector housing delivery. This success is not only built on an enduring commitment to the sector and our public sector partners, but also on our continual investment in innovation and market stimulus; unlocking new ways to build new homes.”

Image: Work recently began at the construction of new homes in Peterborough

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