Genesis Housing Group, on behalf of subsidiary PCHA (Paddington Churches Housing Association) has been awarded the highest allocation in the Housing Corporation's National Affordable Housing Programme 2006/08.

Genesis was awarded the substantial sum of £138.9 million.

"We are thrilled to have received such a high allocation. We have built up a significant landbank of £150 million which will enable us to deliver this programme quickly and efficiently. We have established a strong track record in the delivery of new homes and we are looking forward to building on this success," Steve Coleman, Genesis Housing Group Director of Development, said.

Genesis's bidding partner, Aragon Housing Association, was successful in achieving an allocation of £4.16 million.

Gentect Homes, of which Genesis Housing Group is one of seven shareholders, has also received an allocation from the Housing Corporation of £5.3 million. Gentect Homes are the only Special Purpose Vehicle to have received any funding.

For more information please contact:

Jayne Williams
Genesis Housing Group Marketing, Press & PR officer
020 8150 4178
jayne.williams@ghg.org.uk

Notes to editors

Genesis Housing Group provides homes and services to tens of thousands of people across London and the south east. The Group consists of PCHA, Sutherland, Pathmeads and Springboard housing associations. We also have in our group a charitable foundation, Genesis Community. We are one of the largest and most successful housing groups in the UK, owning and/or managing more than 40,000 homes. Our overiding aim is to put customers first and provide excellent service to all.

Aragon Housing Association has been providing quality homes and housing services for more than a decade. With over 6000 homes, assets of £170 million and an annual turnover of £21 million they are one of the fastest growing 'not for profit' landlords in southern England.

Gentect Homes is a development agency made up of seven equal shareholders including Genesis Housing Group; architects SHP and bptw partnership; and building contractors Allenbuild, Durkan, Hill Partnerships and McCann Homes.