Key information
Decision type: Mayor
Reference code: MD1351
Date signed:
Decision by: Boris Johnson, Former Mayor of London (May 2008 - May 2016)
Executive summary
The current Mayor’s Housing Covenant programmes are expected to deliver almost 10,000 affordable homes in London through the allocation of £255m of grant to more than 60 investment partners. The existing programmes were allocated to in 2013 and the homes will complete by March 2017, with the majority complete by March 2016.
This paper outlines a proposal to adjust the payment method on schemes within Mayor’s Housing Covenant programmes. This will align the payment approaches of the different programmes, remove confusion for partners and provide increased incentive to partners to log starts promptly.
Signed decision document
MD1351 MHC Tranche payments (signed) PDF.pdf
Supporting documents
MD1351 MHC Tranche Payments with sentence change from PC.pdf