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 Homes 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
The Mayor's long-term aim is for half of all new homes to be affordable. We expect most of the homes in this programme to be built by partners who are meeting or exceeding this target.
The GLA published its assumed total development costs for the programme on 20 December 2016.
Registering to bid
If you wish to bid, you will need to do so through our new Open Project System (OPS). We will ask existing providers to register on the new system from 1 December 2016. New providers must complete an online registration form. We’ll then get in contact in due course.
When does bidding open?
- Registration on GLA-OPS opens – 1 December 2016
- Bidding guidance available – 23 January 2017
- Overview of new system at City Hall – 23 and 26 January 2017 (invite only)
- Bidding opens on new system - 31 January 2017
- Bidding closes - 13 April 2017