Homes Agency Eases Funding Logjam

摘要

A six-month funding logjam for English Partnerships' schemes appears to be easing since the creation of the Homes and Communities Agency in December, writes Joey Gardiner.rnRegional directors at the agency have been told they can take up to 10% of the funding previously allocated to affordable homes to fund other things, including stalled regeneration schemes.rnThe news follows the decision by EP last summer to pull funding for a number of schemes because it was running short of cash. Government agency EP ran short of cash because itrnreceives half of its money from the sale of land assets, which have been hit by the housing downturn.