More affordable homes are due to be built in Yorkshire and the Humber after the Homes and Communities Agency (HCA) unveiled a major investment plan for the region.

More than 70 housing and regeneration bodies met at the launch of the HCA's £1.1 billion regional investment strategy on July 10th, where the body outlined how the cash will be spent.

David Curtis, regional director for the HCA, commented: "Our regional investment strategy for 2009-11 incorporates more than £700million worth of investment over the next two years, through a number of initiatives."

Some £250 million will be allocated to build 5,400 new affordable homes in the area and help first-time buyers into home ownership through shared equity initiatives like HomeBuy Direct.

The announcement comes shortly after news that the HCA plans to team up with the Mayor of London to invest £32 million in regeneration and affordable housing schemes in Greenwich.

Source:Direct News 14/07/09