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The Homes and Communities Agency has received a very encouraging response from providers for new affordable homes in 2011-15. These offers are now being assessed and we expect allocations to be announced shortly with initial contracts expected to be signed in September.
We have set out specific arrangements for London, given our commitment to devolve investment powers to the Mayor. We have said that we will seek to deliver a similar percentage of new affordable homes in London from the new programme as previously. This will depend on the relative value for money of offers in London and elsewhere.