Publication of the Corporation's Prospectus follows the Housing Green Paper Homes for the Future, which announced investment of at least £8 billion in affordable housing in 2008-11, offering a £3 billion increase over the current funding period.  The Green Paper sets out the Government's ambition to meet the country's need for social homes, to tackle housing affordability and to support quality and sustainability.

For the first time the Corporation's programme covers a full three year period.

Bidders for the £8 billion Housing Corporation NAHP will have a key role in helping meet the Government's targets, increasing the supply of both social homes and affordable home ownership options to help people get a foot on the housing ladder.

Organisations can bid via the Partnering route or a Specialist route.

Housing Corporation chief executive Steve Douglas said:
 
"The Government has set out with clarity an ambition to meet the country's need for social rented homes, to tackle housing affordability and to support quality and sustainability.   As a direct result, we have been awarded our largest ever grant allocation for the third consecutive time.

"This Prospectus is the means by which we will ensure that the quality of homes we build continues to rise, as does the number of homes delivered for each pound of taxpayers' money we spend."