This annual report and accounts sets out the Housing Corporation’s achievements for the year 2007-08.

This year we said we’d help provide 47,263 new homes. We delivered on that promise. By the end of year 51,095 high-quality homes had been built in sustainable communities.

We said we’d help housing associations make efficiency gains of £355 million this year. We delivered on that promise too. By the end of the year we’d helped them save a massive £1.2 billion to spend on new homes and better services.

We said we’d help housing associations learn from best practice this year. We funded groundbreaking research and leading-edge best practice through our Gold Award and our Innovation and Good Practice programme.

We said we’d make sure we’re satisfying our partners’ needs this year. An independent survey found that 96% thought we understood regional issues.