Peter Airey and Caroline Pillay met with David Lunts, Executive Director of Housing and Land last week to discuss the Homebuilding Capacity Fund initiative recently launched by the GLA.
Caroline Pillay welcomed the support offered to London Boroughs which will increase their ability to develop new council housing.
Following a productive meeting, Caroline and Peter will be following up other suggestions to give their experiences of capacity issues and assist the GLA in support of their desire to see Local Authorities developing more.
Homebuilding Capacity Fund
The Mayor is making up to £10 million of revenue funding available for councils to deliver new approaches to increasing housing delivery, by building capacity and developing skills and expertise. The draft London Plan sets a target of 65,000 new homes per year in London over the next 10 years. In recognition that council budgets for planning and development have fallen by 50 per cent over the last 8 years, this new fund is designed to support councils to increase housing supply, both in their role as Local
Planning Authorities and as homebuilders.
You can view the prospectus here.
The Mayor published his Homebuilding Capacity Fund prospectus for the programme in October 2018. The prospectus sets out the 4 key areas where councils can bid for support. These are:
delivering a new generation of council homes
increasing housing supply by supporting the development of small sites
proactive planning in areas with significant growth potential
ensuring optimal density of new residential developments
The prospectus outlines more detail on these 4 areas, the process for bidding, and the criteria by which bids will be assessed.
Bidding for the fund will open in November. Bids must be submitted through the GLA’s Open Project System (OPS). Find out more about OPS and register.
To discover how Airey Miller can help support your developments please contact us here.