MD1476 The Mayor’s Care and Support Specialised Housing Fund – Phase 2
The second phase of the Mayor’s Care and Support Specialised Housing Fund is focused on the delivery of private housing solutions for older persons and disabled adults with an option to fund affordable housing for older persons and disabled adults on mixed tenure developments.
The £35m allocation will be administered by the GLA of behalf of the Department of Health (DoH) over the next three years starting in financial year 2015/16 and ending in 2017/18. Funding is capital grant from DoH budgets and not repayable. Where the funding is for private housing it will be provided by the GLA (or GLA Land and Property Limited, as appropriate) on commercial terms and on a recoverable basis, to be reinvested in additional housing for the same client group.
A bidding prospectus will be published and bids invited to deliver the objectives of the fund.