Hca Will Fund Land Purchase To Kickstart Housebuilding

摘要

The new Homes and Communities Agency has told some cash-strapped housing associations it will fund up to 50% of their land acquisitions if they can guarantee they will get homes built through the downturn.rnThe news comes after Robert Napier, the HCA chairman, said in October he was asking the government for permission to invest in development land while it was cheap. It also follows the release of a letter by Richard Hill, the HCA director of investment, to investment partners outlining how funding for new social housing would work.