MD1445 First Steps Challenge Fund

Type of decision: 
Mayoral decision
Code: 
MD1445
Date signed: 
09 March 2015
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

The Mayor is invited to approve the allocation of £180m funding to a new First Steps Challenge fund. The aim of the First Steps Challenge Fund is to deliver additional shared ownership homes. This funding will be used to support the delivery of at least 4,000 shared ownership homes by 31 March 2020. This fund will be launched as part of further funding opportunities related to the London Housing Bank.

Part 1: Non-confidential facts and advice