Homes for Londoners Kings Crescent 2 2x1

Homes for Londoners: Affordable Homes Programme 2016-21

Mayor Sadiq Khan has secured more than £3bn from the Government to help start building at least 90,000 affordable homes by March 2021. This will help Londoners who would otherwise struggle to rent or buy, and forms part of Homes for Londoners - the Mayor’s work to tackle London’s housing crisis.

Funding guidance

The Mayor published his Homes for Londoners: Affordable Homes Programme 2016-21 funding guidance in November 2016. This 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 have any questions, check our FAQs. If you can't find the answer to your question, email: [email protected]. If you are already an Investment Partner, contact your area manager.

Bidding

Funding is available to local authorities and registered providers (housing associations) who have Investment Partner status with the GLA. Bids must be submitted through the GLA’s Open Project System (OPS), which is open for continuous bidding. 

Register and learn more about OPS, or sign in to OPS.

Find out more about becoming a GLA Investment Partner. 

Allocations

On 13 July 2017, the Mayor announced funding allocations following the initial bidding roundThe allocations will see an estimated £1.7bn invested in 49,398 genuinely affordable homes being built, with new homes in all London boroughs and the City of London.  

Find out more.

London Affordable Rent benchmarks 2018/2019

As set out in the 2016-21 Affordable Homes Programme Funding Guidance, the GLA will update its London Affordable Rent benchmarks on an annual basis, updating each one by the increase in CPI for the previous September plus 1%. The 2017/18 and 2018/19 benchmarks are shown in the table below:

 

2017/18 benchmark

2018/19 benchmark

Bedsit and one bedroom

£144.26

£150.03

Two bedrooms

£152.73

£158.84

Three bedrooms

£161.22

£167.67

Four bedrooms

£169.70

£176.49

Five bedrooms

£178.18

£185.31

Six or more bedrooms

£186.66

£194.13

 

Publications

Contracts

Each of the funding routes has its own funding agreement, with variants for provider type. The funding agreements are in a standard form and not subject to negotiation. The GLA will arrange for engrossments to be sent out to successful partners.

Other documents