New programme announced
On 12 December 2013, the Mayor launched the funding prospectus for a new housing investment programme. This new funding opportunity is the latest programme in the Mayor’s housing covenant – a commitment that rewards hardworking Londoners for their contribution to the capital’s economy. The programme supports the aims of the Draft London Housing Strategy that is out for consultation at the same time.
Building on the success of those earlier covenant programmes this is a total commitment of £1.25 billion that will deliver at least 42,000 affordable homes. Around 40 per cent of this funding will be for flexible home ownership and 60 per cent for Affordable Rent.
The funding prospectus invites bids to increase the supply of much needed new homes in London and expressions of interest for new ways of delivering affordable homes through a revolving fund.
All construction starts and completions for schemes funded through this programme will need to be achieved by March 2018; some trusted delivery partners may have the opportunity to have completions to March 2019.
Organisations are invited to put forward a bid to deliver new homes as a mixture of firm schemes and indicative proposals. Full details are available in the 2015-18 Funding prospectus.
The bidding portal is now open with a deadline for bids to be received of midday Monday 10 March 2014.
In addition to submitting your Offer in IMS we are also collecting information offline in relation to proposed conversions and disposals. The ‘15-18 Programme Bidding form’ Excel template below needs to be completed and emailed to firstname.lastname@example.org by 10 March 2014
For new partners requiring IMS access, please email GLAIMS@London.gov.uk requesting an IMS registration pack.
Draft 2015 -18 IMS Offers Guidance V1.6 is now available to support providers wishing to submit offers through IMS. This guidance will be regularly reviewed and updated and in response to questions.
If you have any questions about the prospectus or new programme, please email email@example.com.
The GLA will publish any corrections or necessary clarifications in the below document as and when necessary in a document of clarifications.
Frequently Asked Questions (FAQ)
Read our FAQ for the programme. Please note the FAQ was updated 4 March 2014.
|The Mayor's Housing Covenant 2015-18 Programme Prospectus||810.24 KB|
|15-18 Conversions and Disposal Form||237 KB|
|Affordable Homes Programme 2015-18 Financial Forecast Return||1.05 MB|
|2015-18 Programme - FAQ's||330.92 KB|
|2015-18 IMS Offers Guidance v1 6||2.29 MB|
|Framework Delivery Agreement (ex RSL) - MHC 2015-18||638.27 KB|