2011/15 Affordable Housing Programme

Meeting: 
MQT on 2013-03-20
Session date: 
March 20, 2013
Reference: 
2013/1079
Question By: 
Nicky Gavron
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

The funding arrangements for affordable housing were changed for the 2011/15 programme so that registered providers received a set sum to deliver a certain number of affordable housing units during the programme period. What would be the financial implications for registered providers if they fail to deliver the number of agreed homes within the contract timeframe?

Answer

Answer for 2011/15 Affordable Housing Programme

Answer for 2011/15 Affordable Housing Programme

Answered By: 
The Mayor

Partners were given an indicative allocation at the start of the Affordable Homes Programme. The GLA works closely with investment partners to ensure full delivery of the allocations made to partners however, where a partner is unable to identify sites that will be achieved during the contract timeframe, the allocation will be withdrawn and, where possible, used to fund affordable housing delivery from other providers.

If partners fail to meet their contractual commitments then the GLA is entitled to terminate their funding contracts, relieving the GLA of any future commitments and to reclaim any grant already paid out.