Boris hands out housing cash

The Mayor of London has unveiled the first phase of a £100m housing boost for London.

It will see 27 organisations sharing £78m to build 3,000 new homes across London which the Mayor says will support around 6,000 jobs in construction. The homes offered will offer a mixture of affordability measure, including low-interest equity loans, ‘rent-to-save’ and ‘part-buy-part-rent.’ The first homes from this round should be available in April. A further round of allocations, for the remaining funds, will be confirmed next month.

Boris Johnson said: “Boosting construction and improving the housing options of hard-working Londoners is critical to this city’s economic success.”

News of the Mayor’s first funding allocations comes after he recently called upon the Coalition Government to allow London to retain all stamp duty receipts raised on its property sales, estimated to be worth £1.3 billion a year, to allow him to build the one million homes that he says London will need by the mid 2030s.

This bidding round opened in September last year and closed in November. It was open to providers capable of delivering affordable home ownership for working Londoners, offering one or a combination of rent to save, shared ownership, equity loan, FirstBuy or other affordable home ownership options.

In total bids were received to the value of £209m from 42 different organisations. These were a mixture of housing associations, housebuilders, London Boroughs and new housing providers.

Organisation                                                   Sum                               Homes

  • A2Dominion Housing Group Ltd  £2,450,000      70
  • Affinity Sutton Group Ltd     £1,661,450      64
  • Amicus Horizon                                      £1,092,000      42
  • Asra Housing Association Ltd    £800,000     40
  • BDW Trading Ltd                                  £13,623,405     609
  • Bellway Homes Limited               £1,738,823      80
  • Berkeley Homes Plc               £2,590,000      74
  • Catalyst Housing Limited     £3,727,064      161
  • Countryside Properties (UK) Ltd        £2,611,322      107
  • Crest Nicholson Operations         £728,062        29
  • East Thames Group            £3,685,000      134
  • Fairview New Homes Ltd                 £3,576,960      189
  • Galliford Try Homes                   £377,485        16
  • Harrow Council                                 £250,000        10
  • ISIS Waterside Regeneration             £782,508        27
  • London and Quadrant Housing    £540,000        18
  • London Borough of Camden    £1,220,000      61
  • London Borough of Ealing     £435,000        29
  • London Borough of Enfield     £375,000        15
  • Network Housing Group Limited  £8,252,840      240
  • Notting Hill Home Ownership   £11,319,163     356
  • Oak Housing Limited                  £1,710,000      57
  • Octavia Housing                                    £503,250        21
  • Persimmon Homes                              £1,016,759      47
  • Redrow Homes Ltd        £6,046,964      257
  • Solum Regeneration LP                   £412,650        17
  • Taylor Wimpey UK Limited     £6,029,410      256
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