GLA underspends 6

Meeting: 
MQT on 2014-03-19
Session date: 
March 19, 2014
Reference: 
2014/1485
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Will you categorically confirm that none of the £120.8 million forecasted underspend in the National Affordable Housing Programme and the Affordable Housing Programme for the financial year 2013/14 will be transferred into the Mayor's Housing Covenant?

Answer

Answer for GLA underspends 6

Answer for GLA underspends 6

Answered By: 
The Mayor

No. From next financial year I will remove the artificial barriers between the various different affordable housing programmes. They will all be combined under the heading of 'Mayor's Housing Covenant'.

It is inaccurate, as you have previously suggested, to say that the Mayor's Housing Covenant programme only funds affordable homes to buy. This was true for the first phase of the programme, and initial starts and completions, but the programme as a whole funds a range of tenures.