Around 117,000 new homes built within the next year will be directly funded by the HCA, it has been revealed. The agency's corporate plan outlines how it will use £6.75bn to deliver new homes – mainly for affordable rent or sale. The plan contradicts reports Decent Homes funds are being raided, as £1.7bn is planned for the scheme. Also £657m will be spent on 12 ‘Housing market renewal' areas. A total of £13.6bn will go on regeneration and assisting house-building programmes. The HCA also signalled its intent to move away from individual programme budgets towards an integrated approach, targeting funding where maximum outputs can be achieved. A requirement to invest in apprenticeship schemes will be built into HCA funding agreements too, mirroring statements by housing minister, John Healey. HCA chief executive, Sir Bob Kerslake, said: ‘We will continue to be creative in identifying new forms of funding and new opportunities for delivery. ‘The HCA has a far wider remit than its predecessors, and this is reflected in the breadth and scope of our plan.'
