Independent research has shown that every 1 spent in Supporting People schemes saves 1.90 for other public services.
The loss of funding will not just affect the quality of life for more than 20,000 people it will result in a greater cost burden on other public spending.
The quality of life for thousands of vulnerable people depends on this programme and it must be properly resourced to remain effective and continue delivering strongly.
Ben Collins, Chief Executive of the Northern Ireland Federation of Housing Associations said: Funding reductions will have a profound and expensive long-term legacy.
The new housing scheme provides 8 two bedroom detached and semi-detached houses and 2 apartments.
The development, a contemporary interpretation of the traditional Northern Irish rural village with long, narrow buildings, was designed to reflect the existing character of Greyabbey.
The new homes have been built by the Clanmil Housing Group with part funding from the Northern Ireland Executive through the Department for Communities.
12 October 2017 Tenants are celebrating their recent success in a Northern Ireland wide gardening competition run by local housing association, Clanmil Housing Group.
The new homes have been built to high energy-efficiency standards and to Lifetime Homes and Secured by Design standards which ensure added security and ease of adaptation if required at a later date.In recent weeks, the Department for Communities gave NIHE a one-off 2.6million allocation to the programme, however there is no certainty that all affected providers will be reimbursed for their financial loss and any monies received will be cut again in April 2018.Ricky Rowledge, co-Chair of Committee Representing Independent Supporting People Providers (CRISPP) said: This is a partial and temporary in-year reinstatement that does not cover the full scale of the budget reduction.While any reprieve is welcomed, service providers will again be facing a five percent budget reduction in six months time.A decision on how this stopgap funding will be allocated is expected at the end of October but there is no assurance that funding will be returned to all organisations that have had their budgets reduced.The top accolade of Overall Winner went to The Imperial independent living scheme in Donaghadee.