London Mayor hands out £1.7bn for affordable housing – list

Aaron Morby 2 months ago
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London Mayor Sadiq Khan has agreed £1.7bn worth of funding deals with councils and housing associations to start building an extra 50,000 affordable homes to rent and buy over the next four years.

L&Q housing

The funding deals are the first tranche of a record-breaking £3.15bn affordable homes fund secured from the government in November last year.

It represents almost treble the 18,000 homes secured by the final call for bids issued by the previous Mayor in 2014.

Organisation Name Homes GLA Funding Allocation
London & Quadrant Housing 11,610 £394,740,000
Peabody Trust 6,000 £220,973,768
Notting Hill Housing Trust 5,321 £176,386,962
Clarion Housing Group 5,000 £168,300,000
Hyde Housing Association 3,000 £102,000,000
Optivo 2,600 £88,400,000
A2Dominion Homes 1,870 £80,776,000
Genesis Housing Association 2,049 £70,712,000
London Borough of Lambeth 912 £54,720,000
Network Housing Group 1,752 £45,756,000
Catalyst Housing 1,216 £41,024,000
Octavia Housing 833 £31,435,500
London Borough of Havering Council 610 £30,296,000
Southern Housing Group 601 £20,338,000
Metropolitan Housing Trust 704 £18,376,000
Richmond Housing Partnership 475 £17,748,000
Orbit Group 347 £14,676,000
City of London 244 £14,640,000
London Borough of Harrow 317 £12,620,000
Southwark Council 201 £12,060,000
One Housing Group 686 £10,184,000
London Borough of Hounslow 174 £9,004,000
Thames Valley Housing Association 418 £8,808,000
Hexagon Housing Association 223 £8,548,000
Wandle Housing Association 307 £7,472,000
Islington and Shoreditch Housing Association 124 £6,374,200
Poplar HARCA 144 £6,016,000
YMCA Thames Gateway 100 £6,000,000
Newlon Housing Trust 200 £5,600,000
Brick by Brick (Croydon Council) 199 £5,572,000
London Borough of Enfield 148 £5,345,000
Almshouse Consortium 86 £5,160,000
Swan Housing Association 127 £5,092,000
Paradigm Housing Group 134 £4,008,000
London Borough of Wandsworth 71 £3,972,000
Evolve Housing + Support 49 £2,940,000
Look Ahead Care and Support 38 £2,400,000
Estuary Housing Association 76 £2,072,000
Paragon Community Housing Group 288 £1,265,600
Home Group 45 £1,164,426
Sanctuary Affordable Housing 11 £308,000
Lambeth & Southwark Housing Association 4 £240,000
Moat Homes 50
Grainger Trust 34 £0

 

The allocations also include eight new strategic partnerships with housing associations.

The partnerships – with L&Q, Hyde, Genesis, Clarion, Network, Notting Hill, Optivo, and Peabody – have been struck between the Mayor and housing associations that are prepared to build new homes at scale and deliver at least 60% affordable housing across their projects.

These partnerships will deliver 38,500 genuinely affordable homes.

Paul Hackett, Chair of the G15 – representing London’s largest housing associations – said: “The commitment from London’s housing associations is an unprecedented level of ambition to build the homes the capital needs.

“The partnership with the Mayor is the biggest London’s housing associations have ever committed to, reflecting the urgency of the housing crisis and our strong relationship with City Hall.”

 

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