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Homes for Londoners Land Fund to deliver over 500 affordable homes

Fahad Redha

March 30, 2026
3 min read

Homes for Londoners Land Fund to deliver over 500 affordable homes

A £50 million investment has been approved by the Mayor of London, Sir Sadiq Khan, to support the delivery of 500 affordable homes across the capital by March 2032. This will come from funds repaid into the Homes for Londoners Land Fund, a programme designed to accelerate housing delivery and increase the supply of affordable homes in the capital.

Last summer, the Land Fund had started over 8,000 new homes, five years ahead of schedule. As part of the investment, City hall will give a £50 million loan to Peabody, one of London’s largest housing associations, allowing it to “unlock new developments and bring forward more than 500 affordable homes.”

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“The Homes for Londoners Land Fund plays a central role in the Mayor’s plans to tackle London’s housing crisis by supporting strategic land investment and unlocking development opportunities,” City Hall said. “This latest allocation demonstrates how, in difficult circumstances for housing construction, City Hall is continuing to use funding flexibly and efficiently to maximise delivery and support sustainable communities across London. It also builds on successful previous delivery and recovery of funds, which enables the Fund to redeploy funding into innovative proposals like this to unlock new housing.”

Alongside the announcement, City Hall has published funding guidance for the first £324 million round of the City Hall Developer Investment Fund. This will be provided via the GLA’s Integrated Settlement. Separately, the Mayor announced an additional £1.5 billion package that will provide low-coast loans for housing associations. This is “aimed at accelerating the construction of new social and affordable homes across the capital.”

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About Author

Fahad Redha

Fahad is the Content Editor at EyeOnLondon, overseeing the publication’s editorial output across news, culture, and lifestyle. With a background in journalism from the University of the Creative Arts, he brings a broad range of experience from local London reporting in Kensington & Chelsea, where he held roles including motoring, events, and health editor. At EyeOnLondon, Fahad plays a central role in shaping content and maintaining editorial standards. His work spans everything from daily news to feature coverage, with a particular strength in motoring and events. He also incorporates photography into his reporting, adding a visual layer to many of his stories. Fahad joined EyeOnLondon in February 2021.