Building council homes

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 programme was published in July 2018. This sets out how councils can bid for the £500 million additional Housing Revenue Account (HRA) borrowing - half of the additional headroom that has been made available nationally by Government - which the Mayor has secured for London as a minimum. It should be read in conjunction with the Building Council Homes for Londoners funding prospectus.

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), which is open for continuous bidding.

Bids for additional HRA borrowing, as set out in the prospectus addendum, must be made separately through OPS. The deadline for bids for additional HRA borrowing is 30th September, 2018. 

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

Find out more about becoming a GLA Investment Partner.

Allocations

The Mayor expects to make announcements on initial affordable housing grant allocations by October 2018.

Additional HRA borrowing allocations are expected to be announced in November 2018.

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. Links to standard form contracts will be published here shortly.