Investment
The Council has an overall target to enable 480 new affordable
homes to be delivered through Registered Social Landlords (RSLs) in
the Borough during 2005-2008. In order to achieve this target, the
Council is investing significant amounts of it’s own capital to
support the provision of affordable housing.
The Council has to demonstrate this investment is spent
efficiently, and that each proposed scheme achieves local housing
strategic objectives and the optimum possible gain in good quality,
sustainable affordable housing.
The Council wish to ensure that the schemes funded are aligned
with our investment goals and local housing strategic objectives to
ensure the Affordable Housing Development Programme (AHDP) is
meeting the complex needs of existing and potential local
residents.
The Affordable
Housing Capital Funding Guide (AHCFG) has therefore been
prepared and sets out the process and criteria the Council will
follow when evaluating schemes for funding. The Council will
analyse schemes on a consistent, flexible basis, taking into
account specific performance indicators under the following
categories.
- Value for Money
- Deliverability
- Strategic Housing Objectives
- Quality
- Tenant Satisfaction
For further information, please click on the following link to
access the guide.
Affordable Housing Capital Funding Guide
Queries on interpretation of the guidance should be directed to
the Policy and Development Team on 01622 602166 or 01622
602609.
This guide should be read alongside other documents produced by
the Council, these are:
National Affordable Housing Programme
The Housing Corporation’s National Affordable Housing Programme
(NAHP) is a national investment programme in affordable housing
which delivers agreed national and regional priorities and targets,
and is distributed through grant payments to RSLs and unregistered
providers.
The NAHP of £3.9 billion for 2006-08 is set to deliver 84,000
new affordable homes, with 35,000 low cost home ownership
properties and 49,000 social rented homes over the next two
years.
Maidstone Borough Council were successful in securing over £11.1
million in funding for affordable housing over the next two years.
The money from the Housing Corporation will be used to build 248
affordable homes throughout the Borough, housing 950 people. This
will help local people, particularly first-time buyers to get a
foot on the housing ladder.
This funding boost for 2006-08 is a massive increase of over £7
million and is 192% up on the previous two year allocation in
2004-2006. It was also the 5th largest allocation for
local authorities in Kent.
Please find below details of the NAHP allocations made in Kent
for 2006-08.
2006-08 Kent Affordable Housing Allocations by Local
Authority
Further details of the NAHP allocations made in the South East
for 2006-08 are available by going to the Housing Corporation’s
website at the following link.
South
East Allocation Statement and tables 2006-08
The Housing Corporation will launch NAHP for 2008-11 later this
year (arround September), which for the first time will be a three
year funding regime. The Housing Corporation have also outlined
plans to allow for 5 year funding for sites of strategic importance
as defined by the Regional Assemblies.