Affordable Housing: Greater London
The question
To ask the Secretary of State for Housing, Communities and Local Government, what the affordable housing grant funding rates are per unit in London under the Accelerated Funding Route by type of affordable housing tenure.
Answered by Matthew Pennycook
The Ministry of Housing, Communities and Local Government delegates delivery of the government’s Affordable Homes Programme to Homes England (outside London) and to the Greater London Authority (GLA) in London.
The government agrees budgets and targets with both agencies to deliver the programme’s overall targets for additional homes and specific types of tenure.
In awarding contracts under the programme Homes England and the GLA assess the need for grant on a site-by-site basis.
In agreeing how much grant a project requires they will take into account the costs for building out the site with how much grant is needed to make that project viable, and the overall value for money for the programme.
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