Shared Ownership and Affordable Homes Programme

What's available?

Area: England (outside London)

Amount: The total funding for this programme is £7bn to be spread between bids allocated 2021-2026.

Open to: Any organisation that successfully qualifies for HCA Investment Partner status, on its own or as a member of a wider consortium.

Deadline: the grant programme will be a rolling programme open until 2026.

What are they looking for?

The next round of the Affordable Homes Programme (2021-2026) is open for applications and will provide grant funding to support the capital costs of developing affordable housing for rent or sale.  

Homes England will be making available £7 billion from April 2021 to deliver up to 130,000 affordable homes by March 2026 outside of London.  

The funding is for the supply of new build affordable housing and can also be used to bring existing empty homes back into use. 

The grants can be used to create: 

• Homes for Social and Affordable Rent (around half of homes delivered) 
• Routes into Home Ownership (around half of homes delivered). This includes Homes for Shared Ownership, Home Ownership for people with Long term Disabilities (HOLD) and Older Persons Shared Ownership (OPSO) 
• Supported Housing (10% of homes delivered) 

Homes England is committed to working closely with a diverse range of partners including CLH organisations. To receive grant funding you will need to be a qualified Investment Partner of Homes England (by the time the grant is drawn down), or be working with an organisation that is. Organisations who will become the landlord of the homes for Social or Affordable Rent and Rent to Buy, will be required to be registered with the Regulator of Social Housing as a Registered Provider (RP).

What they'll fund

• Capital costs of help cover the costs of acquiring land and building affordable housing schemes.

How to apply

The fund prospectus and application details can be found here.