Building Council Homes for Londoners

Building Council Homes for Londoners

Mayor Sadiq Khan has secured more than £4.8bn from the Government to help start building at least 116,000 affordable homes by March 2022. 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. Building Council Homes for Londoners is dedicated to supporting councils to increase their capacity to deliver new-build programmes.

Funding prospectus

The Mayor published his Building Council Homes for Londoners funding prospectus in May 2018. This will help councils to build a new generation of council homes, with the majority of homes based on social rent levels. The prospectus explains how to get funding and other support from the Mayor and any rules that apply.

If you have any questions, check our FAQs. If you can't find the answer to your question, email: [email protected]

Addendum

An addendum to the Building Council Homes for Londoners funding prospectus programme was published in July 2018. This sets out how councils could bid for the £500 million additional Housing Revenue Account (HRA) borrowing. Following central Government's decision to abolish HRA borrowing caps, bidding for additional HRA borrowing headroom is no longer necessary.

Bidding

A combination of financial and non-financial support is available to councils as part of Building Council Homes for Londoners who have Investment Partner status with the GLA. Bids must be submitted through the GLA’s Open Project System (OPS).

The initial bidding period has now closed. If you have questions about submitting additional bids for further funding, contact [email protected]

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

Find out more about becoming a GLA Investment Partner.

Allocations


 




The initial programme allocation is £1,049.3m grant for 14,924 homes, of which 11,354 are based on social rent levels. The breakdown of allocations by council is below.





 

Homes

GLA Grant Allocation

London Borough Barking and Dagenham

565

£25,338,000

London Borough of Barnet

87

£8,700,000

London Borough of Brent

817

£65,610,000

London Borough of Camden

308

£30,800,000

City of London

156

£14,880,000

London Borough of Croydon

888

£61,288,000

London Borough of Ealing

1,138

£99,352,000

London Borough of Enfield

571

£18,108,000

Royal Borough of Greenwich

588

£32,600,000

London Borough of Hackney

949

£45,556,000

London Borough of Hammersmith and Fulham

251

£15,308,000

London Borough of Haringey

848

£62,858,000

London Borough of Harrow

618

£32,144,000

London Borough of Havering

282

£24,046,000

London Borough of Hillingdon

347

£11,678,000

London Borough of Hounslow

741

£63,252,000

London Borough of Islington

465

£24,200,000

Royal Borough of Kensington and Chelsea

336

£33,600,000

Royal Borough of Kingston upon Thames

713

£67,844,000

London Borough of Lewisham

384

£37,700,000

London Borough of Newham

1,123

£107,476,000

London Borough of Redbridge

600

£20,000,000

London Borough of Southwark

926

£89,494,138

London Borough of Sutton

81

£6,500,000

London Borough of Tower Hamlets

675

£13,000,000

London Borough of Waltham Forest

293

£25,518,000

London Borough of Wandsworth

174

£12,452,000

Total

14,924

£1,049,302,138

 

 

 

 

London Affordable Rent benchmarks

The Mayor expects to allocate the majority of affordable housing grant in Building Council Homes for Londoners towards homes based on social rent levels (with rents at or below the London Affordable Rent benchmarks).

Find out more about the current London Affordable Rent benchmarks

Contracts

Affordable housing grant will be awarded using a standard form of GLA contract which is not subject to negotiation. Below is a link to the standard forms of grant agreements by funding route.

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