Support for Housing Associations to acquire homes

Questions to the Mayor of London – answered on 24th May 2022.

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Photo of Sem Moema Sem Moema Labour

What support is the GLA providing to housing associations to help them acquire and refurbish homes?

Photo of Sadiq Khan Sadiq Khan Mayor of London

The GLA can provide capital funding to all investment partners to purchase and convert market homes into affordable housing through the Mayor’s Affordable Homes Programmes, although some restrictions apply. The GLA also provides capital and revenue funding to support purchase and repair schemes through the Mayor’s Rough Sleeping Accommodation and Move On programmes. Housing associations can access GLA funding through each of these routes to support their acquisitions programmes.

I also wrote to housing associations last year inviting bespoke funding requests to support housing for Afghan returnees, including via acquisitions. I was pleased to recently allocate funding to Notting Hill Genesis to acquire 13 homes to help house Afghan families through this offer.