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
If you’ve any further questions, please email: [email protected].
Funding bids must be done through our new Open Project System (OPS). You can register and learn more about OPS here.
You can log on to OPS here.
Providers must be Investment Partners to receive funding from the GLA. You can find out more about Investment Partner status here.
UPDATE: Bidding for the Homes for Londoners: Affordable Homes Programme 2016-21 closed on 13 April 2017. The GLA will publish its funding allocations in due course.
The GLA published its updated Approved Provider contract on 12 June 2017. Providers will need to enter into this contract to secure funding through the Approved Provider route. Contracts for the Developer-led and Negotiated funding routes will be published shortly.