02 March 2001
Ujima Housing Association, which owns more than 20,000 properties across London, is to receive £39.1m next year. BME associations will, in total, receive enough to build 1,600 homes for rent – up from 1,000 this year.
This is the second year the corporation's approved development programme has been allocated according to local and regional priorities rather than a national
formula. In total, registered social landlords in England are receiving more than £1,037m for new developments, repair programmes and regeneration schemes.
The money will cover 18,000 new homes for rent (including 1,100 in small rural communities) and 4,000 for lost-cost ownership.
Additional public subsidy and private finance means that more than £2bn will be spent on housing by RSLs in 2001/02.
PFmar2001