London HAs to enter startegic parterships with City Hall

Housing associations in London may enter “strategic partnerships” with City Hall, as Sadiq Khan’s overhaul of affordable housing funding was hailed as a “defining moment in housing history”.

The mayor of London published his first affordable housing prospectus yesterday, offering fixed grant rates of £60,000 for low-cost rent and £28,000 for rent-to-buy and shared ownership.

Mr Khan will only offer these top grant rates to providers willing to build 50% affordable across their entire portfolio and will enter into “strategic relationships” with certain major providers able to build at least 60% affordable.