The Homes and Communities Agency (HCA) will tomorrow confirm a rescue plan for housing projects that have foundered in the face of the banks' credit freeze.rnThe AJ understands that six major regeneration schemes in London will be discussed by the HCA, the London Development Agency and the London Thames Gateway Development Corporation on Friday (27 February). The HCA, which has an annual budget of ￡17.2 billion, is expected to take on the development risk of these projects and accelerate the public funding to build the social housing elements first. The six selected schemes are expected to be made public early next week.rn'We are developing a processrnwhereby we will take projects forward to support and fund,' says an HCA spokeswoman. 'We have a London board meeting and will be taking some projects to that. It's going to be an ongoing thing.'
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