London Housing Bank

Meeting: 
MQT on 2014-09-17
Session date: 
September 17, 2014
Reference: 
2014/3511
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

Can the Mayor please update us on the development of the London Housing Bank and whether this is still due to launch in December 2014? Could the Mayor also let us know what appetite there is for this body in the house building industry?

Answer

Answer for London Housing Bank

Answer for London Housing Bank

Answered By: 
The Mayor

The London Housing Bank will be launched shortly, offering £200m of loan funding to accelerate the pace and delivery of new homes.

Homes funded by the London Housing Bank will be let at below market levels for an initial period of at least seven years, and will be made exclusively available to working Londoners on modest incomes.

There has been strong interest from the development community across London.