This funding is part of the Government's Affordable Homes Programme 2011-15 and is intended to deliver at least 3,300 affordable homes by March 2015.
Communities Minister Andrew Stunell said:
"The Government is committed to bringing this national scandal to an end. That's why the programme I've launched today will give communities a chance to breathe new life into their neighbourhoods. This is an opportunity to create high quality new homes to ease the local waiting list, boost local skills and revive local pride."The Housing Strategy published in November 2011 says this funding will be allocated either via a national intermediary grants giving organisation or the Homes and Communities Agency via formal bidding rounds. This is so both not-for-profit voluntary and community groups and registered providers of social housing are able to access the funding.
The guidance sets out the requirements, assessment criteria and timetable for applications by not-for-profit community and voluntary groups who do not intend to become registered providers.
The government expects that up to £30m of the total £100m could be given over to community groups. The deadline for applications is 17 April 2012.