Responding to the release of guidance relating to the 2026 – 36 Social and Affordable Homes Programme, Stephanie Pollitt, Programme Director for Housing at BusinessLDN, said:
“London’s record funding allocation for the delivery of affordable homes will be integral to tackling the capital’s housing crisis over the years ahead. The clarity provided by this guidance is crucial, and it’s positive to see that London will receive a significant share of £2.5bn worth of new low-interest loans to support delivery of social and affordable housing.
“Commitments from the Government to address challenges within the Section 106 process and provide details on the future of rent convergence at the Budget are also encouraging.
“It’s vital that the Chancellor commits to a rent convergence rate of £3 a week to support stretched registered providers and give them the capacity they require to deliver the affordable homes London desperately needs.”