Mayor Sadiq Khan has secured over £3bn government funds to help start building at least 90,000 affordable homes by 2021. This will help Londoners who would otherwise struggle to rent or buy. It’s part of Homes for Londoners, the Mayor’s work to tackle London’s housing crisis.
Homes for Londoners: Affordable Homes Programme 2016-21
The Mayor published his 'H omes for Londoners: Affordable Homes Programme 2016-21' funding guidance in November 2016. This guide will help housing associations, community groups, London Boroughs and private developers to build new affordable homes in London. It explains how to get funding from the Mayor and any rules that apply. The types of affordable homes the Mayor is funding include:
- London Affordable Rent - for people on low incomes
- London Living Rent - helping Londoners on average incomes save for a deposit to buy their first home
- London Shared Ownership - for people who want to buy but can't afford the open market
If you’ve any further questions, please email: [email protected].
Funding bids must be done through our new Open Project System (OPS). Register and learn more about OPS.
Log into OPS.
Providers must be Investment Partners to receive funding from the GLA. Find out more about Investment Partner status.
On 13 July 2017, the Mayor announced funding allocations for his Homes for Londoners: Affordable Homes Programme 2016-21. The allocations will see an estimated £1.7bn invested in 49,398 genuinely affordable homes being built, with new homes in all 32 boroughs and the City of London. They will be delivered by 44 housing providers – including large and small housing associations, as well as nine London councils. 17,500 will be for rents around social levels, and just under 32,000 will be for a combination of the Mayor’s new London Living Rent and Shared Ownership. Further details.
OPS will open shortly for further funding bids.
- The GLA published its updated Approved Provider contract (not for profit private RP) on 12 June 2017. Providers will need to enter into this contract to secure funding through the Approved Provider route.
- The GLA published its Approved Provider contract (Local Authority) on 17 July 2017. Providers will need to enter into this contract to secure funding through the Approved Provider route.
- The GLA published its Negotiated contract (not for profit private RP) on 14 August 2017. Providers will need to enter into this contract to secure funding through the Approved Provider route.
Contracts for the Developer-led funding routes will be published shortly, along with Local Authority and For Profit RP variants of all. Once all the contracts are ready the GLA will arrange for engrossments to be sent to successful partners.