“Affordable Homes Programme”: an offer that should be refused

Swindon Tenants Campaign Group

You can download a PDF of this here ahp2briefing

The government Prospectus for the second round of it’s “affordable homes programme” has recently been published. Councils and Housing Associations will be able to bid for grant from the Homes and Communities Agency in order to build new homes. The first round of grants, for 2011-15, was based on a massive reduction of grant, from £60,000 (in the previous government’s programme) to an expected £20,000 per property built. As a result the providers had to accept that they would have to raise a much greater proportion of the money necessary, in the form of converting ‘social rent’ homes to the “affordable rent model”, up to 80% of private rents  (See “What is the “affordable rent model?[1] and  “More evidence of the need for “affordable rent to be abandoned[2]), and increased borrowing.  The second round…

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