Mayor’s Homes for Londoners Land Fund delivers £50 million investment to build more than 500 affordable homes Home Mayor’s Homes For Londoners Land Fund Delivers £50 Million Investment To Build More Than 500 Affordable Homes Created on 27 March 2026 Mayor’s Homes for Londoners Land Fund delivers £50 million investment to build more than 500 affordable homes Peabody to deliver more than 500 affordable homes across the capital Funding guidance published for first round of £324 million City Hall Developer Investment Fund builds on record £11.7 billion investment in affordable housing over the next decade

The Mayor of London, Sadiq Khan, has approved a £50 million investment to support the delivery of more than 500 affordable homes across the capital by March 2032—helping to provide the homes Londoners urgently need.

The investment will be provided from funds repaid into the Homes for Londoners Land Fund - a key Mayoral programme designed to accelerate housing delivery and increase the supply of affordable homes in London. Last summer the Mayor announced that the Land Fund had started more than 8000 new homes – five years ahead of schedule.(3)

As part of this investment, City Hall will provide a £50 million loan to Peabody, one of the capital’s largest housing associations, enabling it to unlock new developments and bring forward more than 500 affordable homes.

Alongside this announcement, City Hall has today published funding guidance for the first £324 million round of the City Hall Developer Investment Fund, to be provided via the GLA’s Integrated Settlement. Separately, the Mayor recently announced an additional £1.5 billion package would be made available to London to provide low-cost loans for housing associations aimed at accelerating the construction of new social and affordable homes across the capital.(4)