Government Launches New £163m Affordable Home Fund

Government Launches New £163m Affordable Home Fund

Applications will be considered from all organisations which are, or intend to become, constituted as a body corporate, or an equivalent form of constituted body. This includes but is not limited to Registered Charities, a Company Limited By Guarantee, Community Benefit Society, Co-operative Society, Community Interest Company, Social Enterprises, Registered Providers, and Local Authorities.

The Fund will be split into two phases:

  • Phase One will help organisations cover the revenue costs of project-specific activities that will support development of community-led housing proposals, and the capital costs of local infrastructure projects that will result in housing developments that meet the criteria for being community-led.
  • Phase Two is for capital funding to support the costs of building new community-led housing schemes that covered under the second phase of the Fund.

In addition to the costs listed above, funding will be also available to local authorities who wish to support community groups looking to develop community-led housing proposals in their areas; for example, to employ staff to provide advisory services, information and support to groups.

The total budget for this fund across the two phases is £163 million and will cover a two-year period. There is no strict cap on the amount of grant funding.

Applications will be accepted until the funding is fully committed or until 31 December 2019, whichever occurs first.

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