Affordable Homes Programme

L&Q have entered into a contract with the Homes and Communities Agency (HCA), to help the agency fulfil the aims of the Affordable Homes Programme, which runs from 2011 until 2015. The main aim of the programme is to increase the supply of affordable homes in England.

One of the commitments that we have agreed to, as part of the contract, is that we will publish details on a quarterly basis of all items of expenditure over £500 that relate to the delivery of our Firm Schemes. Firm Schemes are only those where the HCA is to provide grant funding through the Affordable Homes Programme and has confirmed its acceptance of the scheme through the Investment Management System.

We have also agreed that the HCA can publish information, where it is considered appropriate, about our involvement in the Affordable Homes Programme, including details such as the programme offer, development costs, funding for Firm Schemes and any significant changes to published information.

Our intention is to publish the following information for each item of expenditure over £500:

• Firm Scheme Name
• Supplier Name
• Date of transaction
• Value
• Description