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Housing associations reducing expected starts following Homes England’s call to reprofile bids, trade body says in letter to Rachel Reeves
The National Housing Federation (NHF) has estimated 17,000 fewer affordable homes could be built over the next three years due to Homes England’s request for providers to reprofile their bids under the £39bn Social and Affordable Homes Programme (SAHP)
Homes England, which administers £27bn of SAHP grant outside London, last month wrote to providers asking them to push back some of their expected timelines for grant payments so less money is drawn down in the early years. This is due to the Treasury limiting how much money can be spent each year in the early stages of the flagship programme.
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