MD1425 Mayor’s Housing Covenant 2015-18: Revolving Fund Allocations

Type of decision: 
Mayoral decision
Code: 
MD1425
Date signed: 
06 January 2015
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

The Mayor’s Housing Covenant 2015-18 programme prospectus was launched in December 2013 inviting expressions of interest from housing providers proposing innovative ways of delivering affordable housing through a Revolving Fund. Proposals were received in March 2014 and following Mayoral Decision (MD1379) in July 2014 a short list of projects were taken to stage 2 due diligence.

Approval is sought for the selection of Big Issue Invest and Gentoo Genie Limited following their bids having successfully passed the second stage of due diligence, subject to final contract negotiations as described in this Mayoral Decision form.

Part 1: Non-confidential facts and advice