Appendix: Extract from the Department's
memorandum explaining budget changes to fund the Housing Pledge
Building Britain's Future announced £1.5 billion
for new affordable housing over 2009-10 and 2010-11. It is intended
that the investment package will be delivered through four funding
streams:
- £756 million to extend
the existing affordable housing programme to enable RSLs to deliver
up to an additional 12,500 affordable homes.
- £504 million to expand the Kickstart programme
announced at Budget 2009. The programme aims to unlock stalled
housing sites, and this additional investment will enable the
delivery of 13,000 additional homes, of which 4,000 will be affordable.
- £240 million for direct development of 3,000
new council social rented houses by expanding the programme announced
at Budget.
- £16 million for the development of public
sector land owned by the Homes and Communities Agency to deliver
an additional 1,250 units of which 500 will be affordable.
| Housing Pledge programmes
| Funding (£m)
|
| 2009-10
| 2010-11 |
| Expanded Affordable Housing programme
| 375 | 381
|
| Extend Kickstart scheme
| 252 | 252
|
| Extend LA New Build scheme
| 36 | 204
|
| Land in Public Ownership
| 0 | 16
|
| Total Pledge funding required
| 663 | 853
|
Up to £930 million towards the cost of this package will
come from underspends in other Government departments, including
access in 2010-11 to up to £340 million of anticipated capital
underspends in Communities and Local Government, the Department
of Health and the Department for Children Schools and Families,
and any available capital underspend from 2009-10 in Communities
and Local Government.
| CLG and HCA capital spending programmes
| Funding (£m)
|
| 2009-10
| 2010-11 |
| Home Office | 45
| 45 |
| Department for Transport
| 350 | ----
|
| Department for Children Schools and Families
| ---- | 100
|
| Department for Business, Innovation and Skills
| 25 | 25
|
| CLG, DH and DCSF anticipated underspends
| ---- | 340
|
| Total | 420
| 510 |
It is proposed that the remaining funding (£586 million)
will be switched from a number of CLG and HCA capital spending
programmes, as follows:
| CLG and HCA capital spending programmes
| Funding (£m)
|
| 2009-10
| 2010-11 |
| Private Sector Decent Homes
| ---- | 75
|
| Growth Areas | ----
| 128 |
| Decent Homes | ----
| 150 |
| Unallocated funding |
---- | 50
|
| HCA programme savings |
108 | 75
|
| CLG bring forward | 135
| -135 |
| Total | 243
| 343 |
HCA programme savings will be derived from a combination of effective
project management, bearing down on grant rates and cost efficiencies,
targeting investment in areas that produce the most cost effective
outputs and slippage on a range of programmes.
|
