Housing finance

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/1065
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

How much finance has been secured from third parties (other than the government) by the Housing and Land directorate in each year since 2011 for investment in house building? Please outline how much has been provided by each organisation.

Answer

Answer for Housing finance

Answer for Housing finance

Answered By: 
The Mayor

It is estimated that investment partners are contributing around £2.25bn, an increase of 54% compared to 2008/11. Please see the table below.

Affordable Housing programme  

2008-11

2011-15

GLA Funding average per year*

£1,244,000,000

£499,000,000

Estimated partner funding contribution**

£1,465,400,000

£2,251,000,000

Affordable homes average per year

13,547

13,750

*Funding includes up to £200m expected funding and up to 1,000pa homes delivery from

London Housing Bank.

** Based on assumption of £200k per unit total scheme costs