Catalyst to be partner in Mayor of London’s affordable housing programme
Today, the Mayor of London, Sadiq Khan confirmed that Catalyst has been selected as a strategic partner to deliver his affordable housing programme, alongside eight other housing associations.
As part of the strategic partnerships, the Mayor awards housing associations flexible funding conditions as part of an agreement to deliver at least 60 per cent of new homes as affordable housing. We have been given £22.3m to deliver 455 affordable homes in the capital.
Tom Titherington, Executive Director of Property and Growth at Catalyst, said: ‘Our strategic partnership with the GLA is an example of Catalyst’s commitment to deliver as many genuinely affordable homes for Londoners as we are able.
‘The changed method of support from the GLA will be key to us to starting construction of over 1,600 new affordable homes before March 2021- a 12% increase on what we had previously planned.
‘With the majority of the new homes set at social rent levels, we will be helping those that need it most, but the support of the GLA will also enable us to deliver those larger multi-tenure, mixed-income, place-changing projects so essential for London’s long-term economic and social strength.’