GLA gives £490m boost to housing groups
London mayor Sadiq Khan has announced £492m in funding for housing groups to build 9,937 affordable homes.
Khan has also announced six new strategic partners, in addition to the existing nine, taking the total number of GLA partners to 15. The new strategic partners are: The Connected Partnership, The Guinness Partnership, Home Group, Metropolitan Thames Valley, One Housing Group and Swan Housing Group.
The plan is split across 20 housing groups in total, with The Guinness Partnership (£74.3m), Swan Housing Group (£70.5m), and One Housing Group (£53m) receiving the largest amounts.
London mayor Sadiq Khan has announced £492m in funding for housing groups to build 9,937 affordable homes.
Khan has also announced six new strategic partners, in addition to the existing nine, taking the total number of GLA partners to 15. The new strategic partners are: The Connected Partnership, The Guinness Partnership, Home Group, Metropolitan Thames Valley, One Housing Group and Swan Housing Group.
The plan is split across 20 housing groups in total, with The Guinness Partnership (£74.3m), Swan Housing Group (£70.5m), and One Housing Group (£53m) receiving the largest amounts.
These allocations follow Khan’s announcement last month of more than £1bn for more than 11,000 new council homes.
Together with previous allocations, there is now financial support in place for almost 105,000 affordable homes, against the target of starting 116,000 genuinely affordable homes by 2022. There are still more than three years left in the programme.
James Murray, deputy mayor for housing and residential development, said: “I look forward to working closely with all 15 housing associations that are now signed up to deliver tens of thousands of social rented and other genuinely affordable homes for Londoners.
“We now also need to make the case to ministers that government needs to step up and dramatically increase the funding available for affordable housing, and grant the mayor new powers to allow him to bring forward land and build the homes Londoners so desperately need.”
To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette
