S106: A Route to Unlocking New Homes in London

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Why Registered Providers Stepped Away

-Rising build costs, post-Grenfell regulations and growing maintenance liabilities pushed housing associations out of the market.  -Developers were left without partners, stalling entire development pipelines.

-In late 2025, the GLA introduced emergency measures allowing grant funding on S106 units above the first 10% of any scheme.  -The new funding round officially opened on 24 February 2026.

The GLA's Major Policy Shift

A new 10-year rent settlement, 10-year Affordable Homes Programme and stronger social rent support are now in place.  Together, these reforms aim to restore RP confidence and get housing starts moving again.

A Full Package of Reforms

– From April 2026, the National Housing Bank will provide very low-cost loans to registered providers, with 60% of its capacity ring-fenced for London  — giving housing associations the firepower to accelerate new development.

The National Housing Bank Is Coming

– London is seeing a rare convergence of policy, funding and political will.  -Early signs show strong RP appetite to re-engage, pointing to a meaningful rise in affordable housing starts in the near term.

A Turning Point for Affordable Housing

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Heart

New homes. New policies. New opportunities —