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Affordable homes making progress

The Homes and Communities Agency is nearing the finish line in the race to sign contracts worth £1.8 billion to provide new affordable homes.

The government housing agency has now agreed deals worth £1.5bn with 95 housing providers and developers.

Providers including Hanover, Hyde Housing Association and the Together Group were the latest to sign deals last week.

Hyde will provide over 1,000 new units with funding of almost £25m while Together will deliver nearly 8,000 for £15m.

The largest contracts agreed so far include £89m with Sanctuary Housing Group, £65m with Affinity Sutton, £58m with Notting Hill Housing Trust, £52m with the Guinness Trust, £46m with Orbit, £40m Great Places Housing Group, £39m with Midland Heart, £38m with Swan Housing Association, £33m with Catalyst Housing, £33m with Network Housing Group and £30m with Accord.