The Housing Corporation invested £1.9 billion in new affordable homes this year, as part of a £3.9 billion programme for 2006-08.

We delivered 41,657 affordable homes – nearly 5,000 more than the Government target. That means we helped provide substantially more homes than expected within our budget for the year.

Our work in 2006-07 means that more people in housing need have been able to find a high quality home and that communities have been transformed more significantly than we’d hoped.