London's 78m housing fund winners

Published:  18 February, 2013

The mayor has announced the first phase of a 100m housing fund which he says will support "thousands of jobs in the capital's construction industry".

This will see 27 organisations sharing 78m to build 3000 new homes across London supporting around 6000 construction jobs.

The homes will offer flexible ownership options, including low-interest equity loans, 'rent-to-save' and 'part-buy-part-rent.'

In total bids were received to the value of 209m from 42 different organisations such as housing associations, house builders, London Boroughs and new housing providers.

Barratt Developments received the largest single allocation, of 13.6m, followed by Notting Hill Home Ownership with 11.3m.

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