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HCA 'exceeded year one targets'

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The Homes and Communities Agency claims it has exceeded targets for rented homes, clearing brownfield land and creating employment space in its first year.

Preliminary figures for 2008-09 cover the agency’s first four months and an earlier period when its work was handled by the former Housing Corporation and English Partnerships and by the Department for Communities & Local Government.

These programmes collectively invested£3.9bn and delivered some 50,000 new affordable homes.

Of this,£2.6bn came from the HCA’s National Affordable Housing Programme and the rest through the housing market renewal, growth area funding, Thames Gateway and decent homes schemes.

Chief executive Sir Bob Kerslake said: “Our ability to act flexibly and tailor make solutions with our partners has allowed us to unlock the full potential of our budget, benefiting both the industry and communities.”

Major HCA investments have included£93m invested to kickstart stalled regeneration schemes in London at Woodberry Down in Hackney and the Aylesbury estate, Southwark, and£27.8m ploughed into the former Lambton Cokeworks site near Sunderland to provide 350 new homes.

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