Housing Corporation delivers more than 50,000 affordable homes

The Housing Corporation has revealed that it delivered 51,095 affordable homes in 2007/08 - 4,000 more than its target - as it published its annual report and accounts.

It also indicated that it had its largest-ever draw down of private finance by housing associations of £31bn.

Meanwhile it reported that 69,005 more housing association homes were brought up to the Decent Homes Standard in the past year.

Housing Corporation Chairman Peter Dixon said, “The past year has been one of the best ever for the Housing Corporation.  We exceeded our targets for delivering new affordable homes while staying within budget – meaning that we’ve stretched Government money further to help even more people find a home.

"This report sets out our achievement over the past year. The successes it outlines – and the stories from residents whose lives have changed for the better – show the legacy we will pass on to our successor agencies in 2008-09.”

The Housing Corporation is soon to be brought into the larger Homes and Communities Agency, which will also absorb English Partnerships and parts of Communities and Local Government.