The Homes and Communities Agency (HCA) has surpassed its affordable home building target for 2011/2012, new figures have shown.
Statistics show that 51,665 affordable houses were completed in England during the financial year ending March 31st 2012, exceeding the HCA's target by more than 15,000.
Under its Affordable Homes Programme, the HCA is aiming to develop a total of 170,000 new affordable homes by 2015 and the latest report will provide a boost to its scheme.
Chief executive of the HCA, Pat Ritchie, said: "This is a good result and we are where we expected to be in our delivery programme.
"The numbers demonstrate strong completions and a solid platform on which to build, especially when put into context alongside the HCA's wider delivery work."
Nearly a third (16,000) of the affordable homes built in 2011-12 were located in London, smashing the capital's own target by more than 4,000.
Author: Editor Gavin Pearson (email@example.com or 0207 202 0255)